Shareholder rights planOur only chance may be the shareholder rights plan.
Here is something I copied from the Augen site:
https://augengold.ca/docs/augen-gold-believes-trelawney-offer-to-be-non-compliant-3
Augen Gold Believes Trelawney Offer to be Non-Compliant
-Trelawney bid not permitted by Rights Plan
-Separation time deferred to allow Trelawney to comply
-Trelawney disclosure not in compliance with securities laws
-Augen requests review of collateral benefit
Collateral Benefit
Augen Gold is concerned that Shareholders who have entered into lock-up agreements (the “Lock-up Agreements”) with Trelawney have been asked to do so pursuant to a form that conveys upon such Shareholders an illegal collateral benefit that is not being made available to other Shareholders. In particular, the Lock-up Agreements purport to extend to locked-up Shareholders the benefit of representations and warranties of Trelawney pursuant to any agreement that may be made in the future. This benefit is offered only to locked-up shareholders. Augen Gold has asked securities regulators to investigate this potential collateral benefit
If the takeover goes against the shareholder rights plan or is found to have collateral benefit to the locked up shareholders it may be illegal.
I alo read that Augen Gold Corp. and its chief executive officer, David Mason, have won a court order directing Stockhouse Publishing Ltd. to help identify three forum posters that Augen and Mr. Mason are suing for defamation. https://www.stockwatch.com/News/Item.aspx?bid=Z-C:GLD-1867379&symbol=GLD&news_region=C
This tells me that Augen Gold is prepared to go to court and fight if needed and that a takeover won't be easy.
As I mentioned in a previous post:
How could anyone possibly think this is going to end with a friendly deal? It's a hostile takeover where TRR is trying to rob us with a low ball offer. I don't think they are willing to pay for the true value of GLD. This is not going to end pretty by any means.
BigBoinker