Andover Mining Corp. V.AOX

news out

[dosco]

At gt Eom dosco

[MAAXXY]

What are they saying? Have the shareholders lost everything????

[dosco]

Cant believe that court agree such a stinky bid of... again this firms name ... All the land... utha acres... Ressources ... mines... tax losses might be worth more... Once dozen of potetial bidders... what the heck is the competence of gt...?

[souwester]

Yes, shareholders receive zilch. I don't know if there would be any tax losses given the bankruptcy process; I think that would be a factor if a mining company acquired AOX. It seems like GT did reasonable DD. Once Rio Tinto backed out, I think that was a factor in the price. RT also did not bid, it appears; it could have smoked Enirgi if it wished. The supposedly great assets seem to have

[souwester]

On further reflection, it appears that Enirigi was willing to bid up to $8.5 million. They'll get it for a million. AOX management should have given Enirgi controlling interest, and salvaged a little something for shareholders. I note the same BS we encountered. Oh, a great bid but we need delays because somebody is supposedly sick. The trouble is: The Court and the trustee can't be jerked

[souwester]

Dosco, what an the Court or the trustee do if there is no other remotely complaint bid?