Paulhedge company is in trouble and being pressured to get DGC in somebody's hands, but who?
Since the decision is not in the majority of shareholders hands of average
investors because it is not one shareholder and one vote, but those that
hold the most shares, and hence big players, everything is about the big
shareholders and which side they are on.
For 3 months now most of the big shareholders or directors at least have
been on the side of the company being kept seperate and not merged.
However you can be sure in the background whoever the big player is
that is pressuring the losing hedge fund Paulson to try and stage the
coup of DGC, is going to be pressuring by proxies every single member
of the board of DGC to side with Paulson which means side with the big
player trying to merge/buy DGC.
A lot of pressure can be applied by big players and can probably go either
way.
I want it to still a seperate company and I am sure the majority of average
investors who represent the majority of people invested in DGC want it
to remain a seperate company too. But they don't have the shares because
directorship voting is not about one shareholder one vote, but who has the
most shares.
This certainly isn't true then
from
'
PAULSON & CO. SETTLEMENT OFFER TO DETOUR GOLD IGNORED' https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aDGC-2669674&symbol=DGC®ion=C "The board cannot continue to ignore this clear message --
? shareholders
? are demanding meaningful change, including by removing the
? long-standing directors who are directly responsible for the spectacular value destruction at the company
?.
Detour Gold's directors could have done the right thing and ceased wasting the company's
cash in a fight against its ? shareholders ?."