RE: RE: RE: what would you do and why ? Shiftman, you are totally incorrect in your assessment..
"Now at the conclusion of the no vote what will happen if you average down and the stock goes to 1 cent and no company places an offer. What if the companies decide to buy decide to buy the assets at a banktrucy auction.
then shareholders will get nothing bond holders may get a small return "
Let's just say for a second that the vote is defeated, are you saying that immediately the company declares bankrupsy? Not on your life it does...
Are you saying that even if the company was to declare Bankruptsy that the value to be paid for the whole operation would be less than wht is being offered? Not likely my friend
I think not my friend, since that amount was already offered and it's been proven that there are buyers out there do you for a second think a Canadian Trustee would let the operations go for less than the rediculous amount offered previously? I think NOT
What I can see happening if this actually went as far as bankruptsy, is that the trustee would force the operation at Ezulwini to stop operation as it's a drain and would operate only at MWS which BTW is making 60 million a year..... Tell me again how the offer in a bankruptsy would be less than offered?
What we have here is a situation where the offers were significantly less than what would realistically be available through bankruptsy. REASON?
1) A trustee will not allow management to siphon off millions for themselves through the sale of the companies.
.
2) A trsutee will not allow commissions paid to ficticious agents,
.
3) A trustee will look at all offers regardless of their relationship to FIU's B of D.
.
4) A trustee has a duty to get teh highest value available, meaning if the offers are unreasonable and the trustee decides to have an real appraisal conducted, they certainly would not use RBC they would have a real accounting firm revue the operation.
.
Lastly.... We are being reamed my friend but if we went to full blown bankruptsy, Gold One and Anglo Gold would have to stand in line like the rest............. adn bend over...