RE:RE:RE:FCC deal Vs a Car deal... for you ikholm and all others Bruce told me a week earlier that they were gonna run it, put the mill back in working order for 200,000$.... We have 1,000,000$ in the bank account.... And that he was gonna start to produce bobalt before year end! Not years...months...
why that sudden change of plan...?
there is someone behind all this fuss..I have a name, I know who the guy is... Changes nothing if I tell you who he is!
now, if mr Ceo doesn't want to do it because it's too much of a small scale operation, his job is to find someone that wants to do it...not sell us really cheap to get rid of CSK and for him to move on to a bigger project!
I can tell you one thing that I also learn and that's why I am pissed...when they annonced the LOI on the 21 of June, the exchange ratio was already set! DO YOU UNDERSTAND? It was already set!
if it was already set, why didn't they announce it right away? Because a 4 to 1 ratio at 0,55$ gives you 0,155$ per share value of CSK...and we traded at almost 0,19$ 2 weeks before! So do you really think that the deal would have been approuved? Nope...so Bruce gave them time to push FCC in order to paint it in a better way for shareholders that don't understand it to approuve the deal because they think they will get 0,20$ per shares, and they don't understand they are getting dilluted too much compare to FCC!
by the way, if it was such an amazing deal, why are CO1 shares dropping also? It was up before they also announce that their ratio was based at 0,76$! They also got played! Not sure they are really happy about it!
csk would have run easily easily... And would have been making huge profits rapidely...proof is that FCC is talking about quick revenues... Coming from CSK's mill and claims!
if bruce doesn't want to run it, his job is to find someone who will...not sell us for really really cheap!
you've been a shareholder for a while, you saw Canaccord and Anonymous sell and sell everything they were able to sell to kick our SP down... Strangely, Canaccord are the bankers that FCC hired to work out that deal! Yeah CSK was low...but only because they kicked it that low, not because it represented the real vslue of CSK!
you would have make in profit over the next year what we are supposedely getting paid for our shares! So now, put a 6-7X earning ratio...you can understand that the SP would have been much higher really quickly... Now you got dilluted...but you have a refinery that needs almost 35 million to put back in working order! Means huge financing...means you won't hold a big piece of the supposedly fantastic FCC big plan...so even if the market cap goes to 300 million...but they dillute it like hell...you will probably jever have more then your 0,20$ value for your shares!
Vote yes if you think it's a great deal... But I will votr no, and put someone in charge that will work for the goodsake of the shareholders, not getting rid of us to move on!