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Cascadia Minerals Ltd V.CAM

Alternate Symbol(s):  CAMNF



TSXV:CAM - Post by User

Comment by silvereagle80on Feb 15, 2023 9:59am
102 Views
Post# 35287151

RE:RE:The takeover offer.

RE:RE:The takeover offer.I agree the company is worth much more than $.09 USD per share.  I was able to get 2/3 of my recent  order, two weeks ago, at $.045 per share.   Today Victoria is offering $.09 for my shares or double my recent purchase price.   The CEO and board  made no effort to improve the share price that had gone from over $9.00 per share to less than $.05 per share until Victoria made their offer.  The Board stated they would review other options.  According to Simply Wall Street, the insiders own less than 2% of the outstanding shares (one expert believed that the insiders should own 5-10% of the outstanding shares of a small company).  Not enough skin in the game.  Most Board members lost significant # of stock options that expired at $.55.   They now have new stock options at $.16.  If you bought shares at $.55  you would have a large loss today. 

I was in this stock 15-20 years ago and left until last year.  I'm currently in the stock  this time at an average of $.075.  If they make a deal (which I think is doubtful) I will be happy to have made a little profit in a down market  and move to other similar stocks.  Be happy that Victoria woke this stock and board up....They have been  slumbering for 20 years.      Keep the faith, gold and silver should do well with fiat money, large govt spending, inflation etc.  

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