Arcan Resources Ltd ARNBF

think about it......

[teevee]

First, let me say that I have no axe to grind here. Shareholders and debenture holders should think about why this deal was proposed in the first place......In my opinion,  the only reason why is because managment and the board think ARN's prospects will only get worse as time goes on so they are trying to make the best of a bad situation. If I held either or both shares and debentures, I would either take the deal, or cut and run now............otherwise, why complain over spilt milk? What is done is done long ago now.......and debenture holders who think they can hold out for more, in a normal situation they could, however, because debentures may be paid with stock, and conversion would mean an effective change in control, the securities commission requires a shareholder vote. Without throwing shareholders a bone, there is no certainty at all the proposal would pass, and if it doesn't pass, those debenture holders who think the assets are worth enough to make them whole are dreaming in technicolor.......good luck to all those still hanging on.