Trelawney Mining and Exploration Inc TWNNF

RE: RE: shares

[beachbum1]

There could be part truth in what both of you are saying. I am a lawyer though my practice does not focus on securities law. This said, i believe that as long as they disclose what they are doing and they are not acting on information that is not available to the public they are not "insider trading". However, you may find that GLD has a shareholders rights plan in place. These typically deal with all sorts of takeover scenerios, and i suspect that after an offer has been made there are pretty strict rules and regs in respect of trading in the other companies shares on the open market, which would have to be disclosed.

This being the case, I also suspect that Trelawney might have some major shareholders that would not be "insiders" of the company, that do want to see this transaction go through. I suspect it wouldn't take much to convince them to acquire shares of GLD of their own volition, so that the deal succeeds.

Furthermore, the reality is, it would be somewhat foolish to buy shares of trelawney right now when you could buy shares of GLD, which are essentially the same thing, except they have more upside potential, as if deal goes through we know what they are worth in relation to a trelawney share ... if the pot has to be sweatened they are worth even more.