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Arcan Resources Ltd ARNBF



OTCPK:ARNBF - Post by User

Comment by teeveeon Jun 28, 2014 12:14pm
300 Views
Post# 22703018

RE:RE:RE:Very intriguing news release

RE:RE:RE:Very intriguing news releaseFirst, thank you for the correction on Lightstream and ownership of CPG and LTS at 38%. Second, yes, my scenarios are speculation, however, how else would you suggest both companies better protect their investment than to vote against this deal, provided they also have a deal with the bankers? Additionally, and not discussed or considered; if they vote against this deal, why would CPG and LTS wait for the first set of debentures to come due as they would most likely have to be converted to stock at near market prices, effectively diluting them to a very large extent; and do CPG and LTS have a feduciary duty and obligation to their own shareholders to vote against this deal?  One certainty is that ARN has now got the ball rolling. Also, deventures are trading as if this is a done deal. No matter what happens, this is an interesting situation worth while watching to see the outcome. How do you see this unfolding? 
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