Post by
DSAENT on Jun 01, 2019 1:01am
Questions sent to Levon on May 31 - awaiting a response...
Hello, my name is Dave ____ and I am a large shareholder ( 2+ Million Shares - both in certificate form and in my trading accounts ) and I have concerns and questions regarding this proposal ; - My understanding is Ron Tremblay owned 20% of the company - is this true ? - Who now controls Ron Tremblay's shares ? - are Ron Tremblay's shares being voted on for this proposal ? - Can I get a contact email address for whomever controls Ron Tremblay's shares ? If not I want my email address given to this party ( dave____@gmail.com ) and I would like you to ask them to contact me. I would like " proof " that this is done ( copied on email, registered letter information, etc. ). - WHY would management SELL OUT our proven resources to a company that has NOTHING proven ? I know this transaction was based off of trading prices but WHY would we " as a company " not consider WE have ALL of the resources and they have NOTHING ? Levon Shareholders come out with 49% of the " new Discovery " yet we are providing 100% of the proven assets !!! - WHY would management be doing this transaction at the worst possible time ? - On what date did Levon start talking to Discovery about this transaction ? Before or after Ron's death ? - How much cash, or cash equivalents, does Levon currently have ? - What is Levon's cash burn rate per month ? - When and where will a meeting be held to discuss and vote on this proposal ? What else do I need to know to make a more informed decision of this proposal ? Thank you for your time - Dave ____
Comment by
Bakashi on Jun 01, 2019 1:09pm
Hi cbew exactly right and Ron never would have wanted this way.
Comment by
MHonestInvestor on Jun 01, 2019 1:23pm
I agree with you guys. I own over 650,000 shares and I will vote no as well.
Comment by
Bakashi on Jun 01, 2019 1:05pm
Hi Dsaent Well done your Message. Why: Pursuant to the terms of the Arrangement, shareholders of Levon (the “Levon Shareholders”) will receive 0.55 (the “Exchange Ratio”) of a common share of Discovery We are disadvantaged as shareholders in the Discovery Metalls Corp Deal but what can we do? I own 500,000 shares myself
Comment by
DSAENT on Jun 01, 2019 3:14pm
Is it not obvious, we vote AGAINST this proposal,,,