OTCPK:ASLRF - Post by User
Post by
RedMarson Jan 27, 2009 4:01pm
267 Views
Post# 15731541
Share exchange transaction
Share exchange transaction
I see this as a needed transaction, which should be beneficial to all.
Arian was/is in need of cash.
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Two scenarios.
Sell their interest (cash out). Or bring in a major investor. (Banks are not lending.)
(There is a third option - run out of cash and go bust.)
We need to know if the exchanged shares can be converted to cash and without some ridiculous fee involved.
If Arian shares go up, Grafton Resource Investments Ltd. makes good on the deal and so do the shareholders.
What Arian does with the cash is yet to be determined.
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Aside - it looks like Grafton Resource Investments Ltd. has been active with other resource companies.
I am confused with "announces that it proposes tocomplete a share exchange transaction with Grafton Resource InvestmentsLtd. ("Grafton"), an arm's length party, " . This would imply its already a related entity to Arian??
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Any other opinions?