RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NO TAKE-OVER BID YETThanks for the continued updates (all). Not much to add but I did talk to a tax acct that mentioned there would be a benefit for a company to take over TGX from the perspective that they have a current active stock exchange listing and tax losses (taxable gains in canada only...so not much value there for a foreign company). How much is that worth to go through that pain of getting the listing? Not sure but would suspect $1-2MM. Hence with our total shares I seem to recall 308M...so at .005...puts market cap at ~$1.5M. Hence why .01 might be a stretch unless there's a Canadian company needing a listing and the exploration tax losses. The thing i seem to recall the offers at 0.005 dried up once the notice of the lawsuit was published.
The bugger of it all is they returned the last bit of leverage that they had in the rubys that they had... Should never have been sent back.
Hoping we get some resolve soon, but unsure how long we can go unless the lawyers are working based on proceeds...
Not holding much hope...but still hoping.
Exp.