RE: RE: RE: RE: RE: RE: RE: RE: RE: But what it doThen quazzy's his boyfriend chimes in.....
"I
'm quite sure they have purchased the additional shares to take them over the80% mark. "
Yes, that is MY guess Legend. I'm also guessing YOU are the beneficiary of insider info when you snagged your cheap shares. Can't prove it but I sure smell a few skunks on this site.
How would you be sure that they have purchased the additional
sharesJohnny?? Why AGAIN ARE YOU MAKING STUFF UP? If you actually read thenews releases then you would see that JJ would have to abide by asecurity disclosure by press release stating that they have acquired 2%more stock than what they now own please see the attached document ANDQUIT MAKING STUFF UP YOU KEEP LOOKING MORE PATHETIC EVERY DAY.
Legend, in Canada they seem to enforce the rules at their election and ignore those they choose to ignore.
Jilin Jien received 51% of this company for making a loan. A loan Liberty Mines MUST repay. In addition, they got a huge number of convertible preferred shares that THEY can elect to acquire when THEY want to. Though it's been stated that Liberty Mines can buy them back [and repay that $20+ million loan] but I've seen NOTHING definitive from management. The combined total of those TWO "loans" is over 76.4% of the company. Any shareholder with over 80% control can take a company private at THEIR election. Let me know if you disagree with ANY of the above. It's ALL a matter of public record. As for the additional shares needed to go private - that's MY guess and I'll bet I'm right. But it doesn't matter since they could buy those shares at ANY time. So, jerkoff, with nine yards of attitude - who gave you insider information on buying Liberty Mines shares? Like quazzy, you seem to be Gary Nash's pet bulldog to attempt to deflect criticism of this crap deal.
Imagine, conveying controlling interest in a company for a LOAN. One hell of a negotiator we had on OUR side. What a joke. And those convertible preferred shares that shareholders get to pay Jilin Jien interest on? That's a hell of a deal for shareholders. Again, "Legend" where was our vote to convey controlling interest - I don't remember having one. Oh, that's right - it was done during the Quiet Period. That explains it all. No vote necessary in Canada.
Now try to post something intelligent "Legend" with your limited IQ.