RE: Eloc and newco.
Trev
Not sure if you wanted my take but here it is, newco must have a reason they are going to the trouble of splitting from the company and it must benifit the company to make the move.
The control person.. well the TSE would have a hard time approving the ELOC in full without it as 30 million dollars at these levels can't be issued without diluting the shares to the point of a control person being required as they would hold majority shares or at least controling shares.
30 million shares @ .06 is 500 million shares.
I expect telling the TSE the stock price will be at higher levels is interesting to them but they are in the here and now to approve.
I further assume dianor would not give up control and has no interest in doing that but it is required to get the ELOC approved and from what I gather the ELOC needs to be approved and drawn down on for alternate finance to kick in, tied together.
No ELOC no DMS no alternate finance and we are dead in the water.
I see it as if anyone votes no for both options they are trying to close the doors of the company.
To me bring it on DMS ELOC alternate finance, what else do you want me to vote on to get those things is my question, just two things. no problem.
Beer money even for newco shares if thats all the properties are worth it will own it is what it is.
If it turns out to be worth more than bonus beer money thats ok as well.
I am not here for beer money, I am here for Leadbetter and the big dollars.
Moving a few pennies is nice but I am looking for dollars, newco is not going to do that short term.
Leadbetter can.
I hope my post does not seem harsh to you as we are all just here to make money, some a few dollars and others way more than that. ( me)
It is just to promote thought the good and the bad, it is a good thing to bring up the possible negatives.
They just don't make any sense to me.
If they did I would argue that side as well.
The down side of saying no is way worse than anything the board of directors can do to us thats for sure.(no dms no ELOC no alternate finance)
no value of newco 1/3 properties will make up for that.