Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by ark88on Apr 11, 2013 11:20am
276 Views
Post# 21241666

RE: RE: Think again.(reply)

RE: RE: Think again.(reply)

As SOON (if ever ???) the NON- Marret shareholders goes BELOW 10% of S/O (4+ BILLION) then it is GAME OVER for the NON-Marret shareholders.

This means that ROUGHLY 25 + MILLION present shares must buy the RIGHTS to 200 + Million new shares in order to AVOID this fate.

It is possible but I do NOT see this happening.

 

I agree. You think Cline's management was non-transparent? Just wait and see what non-transparent really means when you're dealing with bondholders. In the absence of any positive news, why would any present shareholder buy the Rights to more. As soon as the Marret Plan is implemented, the bondholders will be looking to sell/get their money back. Holding 10% or less, you're interests in this matter are next to none existing. A real shame how this has ended.

<< Previous
Bullboard Posts
Next >>