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Bullboard - Stock Discussion Forum Afri-Can Marine Minerals Corporation V.AFA

TSXV:AFA - Post Discussion

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Post by pkpotential on Apr 16, 2012 1:56pm

From the CEO

Dear XXX

 

I am not a big fan of shares consolidations. However, I have seen some working well such as Arctic Star, Stornoway, Hanna Mining etc. Arctic Star has even newarly tripled after the split. The main reason is that with the consolidation, there was a good financing attached and some work has started before the effective consolidation. With good results the market reacted very well. The splits that are not working are not coming with financing and work. They come with hope of financing that does not materialize often. Therefore, we have prepared the consolidation in the only way that works.
 
The dividend will be in about 2 1/2 to 3 months. I would have liked to issue the dividend first but it was not possible. Also, it does not change the maths so much as IMDH were suppose to receive their shares before the dividend, which they will not. So, Trinity is only replacing IMDH. At the end of the day, it will be nearly the same.
 
Kind regards
 

Pierre Leveille
President & CEO
Afri-Can Marine Minerals Corp.
1801 Mc Gill College Avenue, # 1325,
Montreal, Qc. Canada
H3A 2N4
Tel: 1-514-846-2133
Comment by FRANJUL on Apr 16, 2012 2:45pm
Mister PK thank you for this information. so i was not wrong about the dividend. I think that it is an important issue.   now let see what it will happen in 3 months.  Be alert.   good luck      
Comment by arpagon29 on Apr 16, 2012 3:25pm
Another of Frantroll John Kerry funniest comments   "so i was not wrong about the dividend"   You made so many different comments on the dividends...  That curious mind wonder if you are talking about your prediction were you said that the dividend was worth zero.... LOL  
Comment by FRANJUL on Apr 16, 2012 3:36pm
Dear arpagon, you are not able to face the situation.   We do not know yet the value of te dividend, you will receive shares...of a newco.   So do not be exited to fast.   Do not buy a luxury car to fast.... 3 months is mid July...   you will see.    But I thought that this dividend was supposed to be pay last december.   It is always ...more  
Comment by arpagon29 on Apr 16, 2012 4:07pm
I am curious, what situation am I unable to face ??? Now that coming from a basher with only $ 2.00 invested, will be priceless... I have a pretty good idea of the value of the Haib copper project, and I have a pretty good idea that I will keep my shares in Deep South and make money with in the long term... And with interest in diamonds about to pick up following the KKR news of this week, I know ...more  
Comment by FRANJUL on Apr 16, 2012 4:51pm
Arpagon ,   you should read carefully this message from PK. this is not me who posted that one, and it is coming from CEO. 
Comment by buyerbeware1 on Apr 16, 2012 4:53pm
This post has been removed in accordance with Community Policy
Comment by FRANJUL on Apr 16, 2012 5:17pm
I agree with you.  They should also post all this information on their web site, or issuing another pr.  
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