SPROTT RESOURCE HOLDINGS INC T.SRHI

From CEO.ca I dunno what this guy is yacking about

[blackbart26]

@F6 Re: $GBRIF It's been a year since the notice to default and the filing of bankruptcy under thte BIA. The most notable development since that time has been that Golden Band remains an issuer, which would indicate that the company is still a going concern. What also was part of the outcome of the bankruptcy proceedings was that creditors were paid in full, meaning the bankruptcy was pro-forma.(meaning legally correct, but not necessairly bankrupt) They had essentially gone private and will fall under a private issuer exemption. The extent to which the change-in-control has been handed over to a third party remains to be seen, as it must surely have occurred. The Other Material Contract of May 18, 2016 that names PROCON as the buyer stands in stark contrast to the private issuer status of Golden Band a year later. Just the same, article 11.2('Successors And Assigns') of this contract suggests that control can be assigned to a third party. But since this time, GBN was not necessarily sold, or the equity in the company was not acquired as yet. Since I maintain Sprott has been a key player in the financing in the background, then highly likely it will be Sprott that will eventually control the equity, as they have acted as a holding company all the while. Since the costs applied to Golden Band's operations are established as $110m.(read: liabilities each fiscal year) a year, the full revenue for a fiscal year must be roughly $330m., or if $SRHI were to acquire all the shares or equity interest in Golden Band, then this would value $SRHI @50 cents share, not counting the warrants, and not counting the asset value that has already been established. Sprott Resource Holdings for its part will be heavily dependant on revenue streams from 100%-owned assets. It's been a year now since the Other Material Contract, which contains transfers of assets, liabilities, financing. Could it not be a year then, in which we'll be seeing the outcome of years of capital accumulation and corporate structures based entirely on legal loopholes finally resolved? https://bcsc.bc.ca/About_Issuers/Issuer_Information/?partyid=O7L1N6G7P7M5R7WCJ7U5 https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007862 -F6