RE: Westernkids summary..I get the picture alright...
And this is what I see...
Cliff's is the enemy...(not SPQ or KWG) they want everything for
peanuts...just like they got FWR.
The game you refer to with 4 Aces is not the game Cliffs plays.
You and Cliffs may think it is...but Cliff's deck has many aces
(Mostly up their sleeves - as in sleazy). One of those Aces, right
out of their sleeve, is this so call merger.
Further...Clf has many more cards to choose from than we have
(the rightful owners of the minerals in question) and not even all
these are known - to us - but cliffs knows, and so do our mgrs.
So we are at a very severe risk at even being in this game at all.
I'm sure that many on these two boards, if they knew that all this
song and dancing was going to take place, would have looked
for a more quiet game elsewhere. It started off as such a simple
little play...great great discovery...at pennies per share. Well, it's
still pennies per share...but that's the only thing the same.
Enter Cliff's. Then both (all three if you include FWR's) BODs were
some how "persuaded' to change their positions. How come...it
wasn't for the good of the shareholders ...although they would
never admit this. Then the Bashers and the Pumpers appeared....
paid for by who? Then a whole new cadre of "posters'"
took control of these boards. Business as normal...right? Now,
who sets the standards for this play. Certainly not the "real"
owner - or shareholders.
To me you play like a hired hand. Your here to see that things are
stirred up to take the pressure off the dealer. I call. I think your
bluffing. From where I set, you don't have a hand at all. Just
words. You think you know what is best for all of us. You say you
think that I'm on the Cliff's team. Actually I think "your" the one on
Cliffs payroll. I can't believe you nor put any trust or confidence in
anything you say! Sure, in the normal deck there are only four
aces...But in Cliffs deck there are many...you... being one of them.
My logic says the best deal for me (as a share holder of both SPQ
and KWG) is not to be frightened off my position by your rhetoric
about "we have only one choice left". Your beating of the off key
drums of "get on this bandwagon...because I'm the smart one
and I'm telling you to do so". B.S.
I think your dead wrong! I think Cliffs are already in bed with KWG
and are just waiting for "us" shareholders to fight their battles
(each other) for them so they can get both companies for a "puny"
(someone else's word but appropriate here) amount. Why didn't
Cliff's make a more financial realistic offer to SPQ for "swapping"
shares for this "new" company that was to be organized by this
merger? As it now presently set forth, it sounds like a Cliffs lawyer
drew it up and the BOD's passed it along. I don't think it "fair enough".
I really don't understand why you can continuously communicate
that your way is the best and only way for all of us. Your written
reasoning sounds fishy. No substance to it. It's all based upon
the unsubstantiated reasoning that "nobody will make a bid for two
companies"...ah...the good old judas goat. "Come...follow me."
Cliff's is the Lion. It's hungry. It's bait (for the moment) is the
merger. It's already nibbling away at the weak shareholders.
It's large mouth is open. Are you it's mouth peace?
westernkid