OTCPK:CTNXF - Post by User
Post by
cigarbuttson Mar 08, 2019 5:47pm
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Post# 29463786
Latest News Release from Cornerstone...............
Latest News Release from Cornerstone...............Much better Folks!!
I am a Cornerstone shareholder. Not SOLG. I like the Casacabal project.
This latest news release is much better than the last "JUst say no" news release in that there are more details to consider that are of import.
The fact that Cornerstone is willing to engage with SOLG over a proposal to just auction ENSA to the highest bidder and let these two rapacious birds fly their seperate ways with their each remaining exploro Co's intact is interest and would benefit shareholders equally of both companies, assuming a bid that values Cornerstone at greater than the current SOLG offer.
I was just yesterday reading the SOLG public material on SEDAR about all the stock options and this "finance plan for insiders of SOLG to have their options financed by the the SOLG company treasury itself". Did NOT see that in the public proxy material when the options were voted on by SOLG shareholders. Surprise Surprise!!
My reaction to that is Nick Mather and his chums at SOLG are NOT any better than the crew at CGP as far as corporate governance, fiduciary duty, public shareholder responsibility and company disclosure etc. are concerned.
Rousseau is in Canada. SOLG is a Canadian Company. Rosseau or Maxit knows people in Canada who own both company shares............Perhaps a good move on behalf of ALL shareholders in SOLG is to SUE the BOD in Canada in a derivitive action or an oppression claim to force these MOTHERS to put up CASH for their shares IF Nick Mather and his CHUMS running SOLG want to play "long ball" with this Cascabel prospect. I assume they could not find the SCRATCH to actuall spend their own money and play longball with their own money to exercise these options!!!! F*&K THEM.
I am an American. A proxy battle and Hostile OFFER is WAR. Cut Nick Mather and his SOLG chums OFF at the knees.......Take them down...........Make then PAY for the fu78king shares!!!!!!!!!!! Injury enough is all these option shares at SOLG.......insult to injury is financing Nick and Co .to actually exercise and HOLD them.... PIGS!!!! I say PIGS!!! Their incentive then becomes different than mine, as they get to accumulate wealth in the Casacbal project over a long period of time on the company dime with the treasury financing their shares. IF this were done is the U.S.without disclosure and a shareholder vote................LAWSUIT BIGTIME.
On another note, there is NO WAY that the .65 exchange of SOLG for CGP shares is going to get recovered back into SOLG shares at the same ratio. This ignores that SOLG has the CASH, is CASHED UP. Whereas CGP is facing dilution in the near term just to keep the doors open and the lights while it waits for the PFS and FS etc. That SOLG has the CASH to advance their other properties. And is advancing them by drill bit. That CGP has optioned out to 3rd parties 3 of their properties in the past few years including SOLG on ENSA, for not a lot of $$$$. IMO SOLG has the better exploration pachage to work with going forward in Ecquador.......
IMO the best Maxit man, Rosseau, and the current Chairman are going to do with SOLG is .59 to .60 on the exchange, and absent an agreement to proceed otherwise, they should just TAKE IT!!