American Creek Resources Ltd V.AMK

So It Was A Head Fake.

[garzillalives]

I'll say it again. This play will not "mature" until the fall of 2025. imo.

[Larry60]

good news is that I dont think cunningham gets there 7 million fee if its fall of 2025. would have to happen by summer 2025 for them to take $7M of your hard earned value.

[Jetstream1281]

I'm not nearly as worried about that as you are....the reason we'd be paying them that money is becuase we've accepted a richer offer......

[Larry60]

js, Ill double check, but pretty sure they get the $7 million regardless of why another deal happens.  Doesnt have to be a "higher" priced deal.  If the LOI is terminated, and a deal happens by around next summer, they get the $7M. $7 million may not be much in terms of whatever amount the transaction is for, but its still meaningful. But what bothers me more is the principle

[Jetstream1281]

Why would we accept an off that's NOT richer?

[Jetstream1281]

Sorry that should be "offer"....we can just wait it out....the longer this goes the more gold we'll have and the more it'll be worth....not something to stress about IMO....

[fordster]

That's 7 million clause is a common stipulation as is the contract. It's only there if another company comes in with a higher offer and we don't pay it, the company with a higher offer pays it. Don't fall for all the filth...it is their goal to maintain total domination on our boards. I'll know who you are Larry...but you'll never know who I am...yes, I'll be there

[Larry60]

It is NOTcommon practice to grant a bidder with $0 on a $200 million NON BINDING expression of interest with a clause like that.  What your state is not in line with industry practice.  Even worse, the Financing Failure fee, which is very vague and only kicks in if bidder makes a binding offer, is for up to $115,000.  That is nutso.   Not that AMK gonna collect a dime.....

[Larry60]

we would!!!! RIght now there is NO offer on the table.  Cunningham has just expressed a NON BINDING interest in maybe making an offer. BUT, what AMK has granted them an EXLUSIVE period to that August date.  That is BINDING on AMK.  They have also promissed to pay Cunningham $7 million if AMK does a dea by next summer - that is BINDING on AMK!

[Jetstream1281]

You're trying to tell me that if someone offered us 0.35/share we'd accept that offer without allowing Cunningham to complete their offer at 0.43??? I find that VERY hard to believe.....also, Cunningham has the option to match any offer which would eliminate the fee as well... I think you are blowing this all out of proportion ....intentionally or not...If we accept a superior offer, it

[Jetstream1281]

Also, according to the wording, until the exclusivity period ends, the ONLY offer we'd be able to accept is a SUPERIOR UNSOLICITED offer that we couldn't in good conscience turn down. After the exclusivity period ends things get a little cloudy but up until August 5th it's pretty clear....

[Larry60]

JS just to be clear.  there currently is NO offer on the table. However, AMK has committed to an exclusive with Cunnigham ie AMK cant go out and solicit offers. but again, right now there is NO OFFER on the table let alones the means to complete one ie $200 million! Termination does nuthin for AMK shareholders except take $7 million from their pocikets if AMK does a deal by June 2025. 

[Jetstream1281]

Right, so if Cunningham doesn't come up with financing by August 5th, they pay us "up to $115k" and the LOI is terminated....we then have to wait 9 months before entertaining another offer or we pay them 7 million... We'll be lucky to even have a PEA by then.... But we may have some high grade hits and a much higher POG by then.... On the off chance that we get another we

[fordster]

Well said JS.

[Jetstream1281]

Right, so if Cunningham doesn@t come up with financing by August 5th, they pay us @up to $115k@ and the LOI is terminated....we then have to wait 9 months before entertaining another offer or we pay them 7 million... We@ll be lucky to even have a PEA by then.... But we may have some high grade hits and a much higher POG by then.... On the off chance that we get another we offer it will almost

[Jetstream1281]

Sorry....phone is glitching....

[Larry60]

JS, The question is why did AMK agree to pay a shell company, with no proven means to pay the $115,000 let alone fund a $200 million deal,  $7 milion if we do a deal with a real bidder by next summer????? Its insane. Its a throwaway.  Why would we throw away $7 million?  Yes, it will only happen if a transaction happens but so what.  It has a terrible stench to it.

[Jetstream1281]

That's assuming that they DON'T come up with the money....I guess we'll see... Do you actually think another offer is coming pre-PEA? I certainly wasn't expecting one.... Any offer now will almost assuredly have that cost built into it, which renders it moot...or we wait...which we were doing anyway.... I personally don't share your angst.

[Larry60]

JS, They have not even come up with a Bid, let alone $200 million! Do i think theyll make a bid and come up with the $200 million?  Short answer:  NO. And the market more than agrees with TUD and TUO gettin beatin up. And AMK only trading around 1/3 of expression of interest price!!! Once again, the is NO BID OR OFFER ON THE TABLE.  Just a free lottery ticket cunnigham and an

[Jetstream1281]

And this makes our situation worse how??? We used to be sitting at 0.115 with no prospective offers on the table...

[Jetstream1281]

Tend to look at it this way....of we DO have to pay the fee, that means we HAVE been bought out in within the next 11 months....I'll take it!!!

[Larry60]

yes, if a takeou happens youre not gonna sweat the 1.5 cents. but still no justification giving the $7M away.  It reeks of ol time Howe st shenanigans.....imho

[Jetstream1281]

Like I said, you are blowing this way out of proportion...It's going to have no material effect whatsoever so I'm not sweating it....

[Larry60]

js, I agree it has no material affect.  But it is still a $7 million giveaway to a quasi shell associated with a $2.5 milllion market cap pink sheets company! Its hillarous to see people say that AMK entered a NON-deal to scare away real bidders with actual money.  Are these people suggesting AMK management and board are breachin their fiduciary duties??? Bottom line, the $7M payout

[Jetstream1281]

So you have no AMK shares, but you post ALL DAY about a potential 1.5 cent differece/share (which you don't own remember) that will only happen if we ACTUALLY get bought out....which is what we're all here for in the long run anyway.... Something isn't adding up here....

[Larry60]

JS, You are the one rantin about it being no big deal for AMK to give away $7M to god knows who... I have focussed on the facts and valid questions.  Yes So what are the questions? - who are Cunningham Natural Resources and Cunningham Mining? -  What financial resources do they have? - as HNRC is public, what is its market cap? - when was the last time HNRC files financial statements

[Jetstream1281]

So now he floods the board with non-sensical posts to try and push all our posts to page 2 so they aren't seen...so typical...As I said, it is NOT a big deal becuase if they do pay it out that means there's been a buyout for much more than 0.43....which makes the 1.5cents per share basically irrelevant

[Larry60]

JS, Did you drink the Cunningham koolaid? THe $7 million gets paid even if it is NOT higher than 43 cents.  During the exlusivity period to August, AMK could only accept a superior bid.  BUt after that, any bid basically gets the $7 Million payout t even if bid is not higher than non bid. Fordster, please give JS back his account: I have focussed on the facts and valid questions

[Larry60]

JS, from this post of yours down to the end of the page their are 12 posts in total.  5 are from YOU, 3 are from me and rest other posters. But Im floodin the board????? Are you just mad that you missed sellin in the 20s on Friday like me and Stockmoves did........and stockmoves brother???????????? Greed is not good!!!!!

[Larry60]

It makes us worse of by potentially 1.5 cent a share. There are NO offers on the table. But yes, I agree that the NON-offer has provided a pump in the share price.  As I stated I would, I took advantage of that Friday morning. At current AMK price,  TUO offers way better value.  And if a bid does happen for AMK down the road, TUO will follow suit................and we'll

[Whatamidoing1]

Have you ever heard of privite equity, you don't have to have cash in hand to make deals happen. I suspect, the people with no money are working for someone with money. Because if this is a pump and Dump as you claim, and can be proven. People go to jail. You've already doubled your money and moved else where at a premium. Dam dude you should YOU SHOULD BE GRINNING EAR TO EAR. But instead

[Larry60]

Whatamidoing, i am trhilled about the overnight double!!!!!!!!!!!!!!!  It was a GIMMEE!!!!  And I have NO REGRETS.  ALthough I feel guilty that some unsuspecting retail sucker bought my shares thinking there was a bid on the table for 43 cents (there is NOT), a bucks a buck!!! Gotta worry about myself!  But also have to worry about my largest position TUO!!!!  been