Is anyone else connecting the dots here.....? I just posted this on CKK's BB and I thought it should be posted here also as it may concern GA shareholders also.
David Mullen owns about 16.5 million shares of CKK of the 84 million o/s
October 2010, David's dad and mom, Roland and Leona Mullen buy over 11 million shares of CKK in the market
September 2011, David Mullen buys another 600,000 shares of CKK in the market giving him 20% of the outstanding shares in CKK and has to file an early trade warning with the security regulators
David Mullen also owns about 47 million shares of his other company Golconda (GA) of the 101 million o/s
David accepts another 32 million shares from GA as the company owed him more than a million dollars.
Roland and Leona Mullen are then issued 19.5 million shares of GA late last fall
None of this even considers what the rest of the family may own
Cordy and Golconda both use David Mullen's private company Lyncorp Drilling for all of their heavy equipment and drilling needs
Rumour has it that GA is going to be taken out for the tax write-offs
Here is my own speculation on what may happen;
Why doesn't Cordy take out Golconda for the tax write-offs as they are trading in a 5 to 1 ratio. Cordy would only have to issue one share of CKK for every 5 shares of GA, roll Lyncorp International into the fold and form one big drilling service company?
One doesn't have to be a rocket scientist to see what is going on! Just take a look at David Mullen's track record; first with MTL currently trading at $19.60, RME at $9.30 and if anyone remembers Producers Oilfield services which ran to $16 before MTL took them out. David Mullen also owns over 4 million shares in CopperFox (CUU) which is potentially one of Canada's largest copper mines and traded as high as $2.70.
I have no doubt in my mind that he is planning something with CKK and GA, I just don't know when.