RE:RE:RE:Magnesium spin-offtopadvisor1 wrote: First of all Johnny, they would have to get it by the tse and being that the cash is 1.55 APPROX. and there would have to be a fair valuation given for the property and the stalled project, they would have to probably pay well over 2 dollars. They are and would be WAYYY better off buying what they can in the open market. I thought that would be a no brainer, but some really don't have any, (brains that is). Oh I always crack myself up. Some are just sooooo STUPID. LOL.
first of all poopy pants, at 2 dollars shareholders would already be getting a 150% premium, more than adequate to pull a heist(specially a company with weak hands). and even at 2 bucks the indians would be getting 80% of the project for 6 mil(paid 60m for first 20%) so could definitely up the bid. Second, its called painting the tape. If the Indians buy in the open market every share gets registered at tmx and Canadian insider. Asks will dry as they push the price up to 1.60 in a week and any offer they make will be at less of premium to the 20 day average, making it less likely to succeed. Its why in most cases you don't see open market buying before an takeout offer. While there may be a good reason why the Indians wont take this private, topadvisor has failed to give a proper explanation for this and in turn has shamed his entire family