Oh well, Hmmm, it seems that I wasn't pessimistic enough. .39 is a lower rip-off than I predicted. You can try and fight it, but take note of who has the majority of shares and what they paid for them. David and Goliath, except the original story is a fairy tale.
Is management under any obligation to explain WHY they think GBK is worth .39?
"Jilin Jien is making an attractive offer to Goldbrook shareholders and warrant holders," said David Baker, Goldbrook's Chairman. "Following a thorough review of alternatives to maximize security holder value, and in consultation with the Company's legal and financial advisors, the Board of Directors unanimously recommends that Goldbrook security holders tender their Common Shares and Warrants to the Jilin Jien Offer."
Is that good enough for you?? Where's the proof to shareholders? Where's all that mathematical reasoning that glenerickson has been posting here. All that gold and silver and platinum in the ground. What is it that they aren't, or haven't been telling you? Good luck trying to get justification. Glen, give your head a good shake! If there were to be an outside offer, someone would have done it long before this. Enen if someone comes out of the woodwork, what are you expecting?? A dollar?? There is a reason that .39 has been accepted as reasonable, and that reason reeks of deception to general shareholders. Golbrook showed you in writing... a NI 43-101 that showed billion of dollars in resources. Now they sell the whole shebang for $100 million??? Stop the wishful thinking, get off your ass and find out why! (Glen, no offense to you personally, but if I were near you I'd give the back of your head a friendly slap...)
"The directors and officers of Goldbrook have entered into lock-up agreements with Jilin Jien and have agreed to tender all of their Common Shares and Warrants to the Jilin Jien Offer. There are approximately 16.5 million Common Shares and Warrants subject to lock-up agreements with Jilin Jien, representing approximately 6% of the outstanding Common Shares and Warrants on a fully-diluted basis."
So management has already grabbed their share and are running for the exit... and screw you. Take note that in the last vote on their compensation package, I think they won with 59%. That means that if just 10% MORE of you think this is a bad deal for you, then you can beat this. There is a challenge here, and that is many have averaged down and are possibly willing to throw in the towel and take a few cents worth of profit. I would recommend that you hold all out for at least .50. There is a small chance that you can beat this.
David Baker and Brian Grant already resigned from the BOD of Jien Canada. Very nice of those two to hang you out to dry... but then again, if you are playing the pennies I hope you now realize now that you can bet on it.