Cornerstone Capital Resources Inc V.CGP

RE:RE:RE:Hey Cigar Butts

[cigarbutts]

I like the project.  I don't like the two company overhead's and the cross shareholdings.

Would be nice and in the long run beneficial to shareholders of SOLG and Cornerstone
to consolidate the ownership.    90% of the economic value of CGP's ownership of SOLG seems a reasonable price to transact at from both sides.   About .59 or .60 per share of SOLG for each and every CGP share.

IF CGP large shareholders and Mgmt/BOD really really don't like NM, for whatever reason,  there is a simple answer to that problem...............

The Pacman Defense.   CGP bid for DGR  Global down under...........I would be happy with  20-30% premium,  and I think all other shareholders of DGR global except NM would go for it.    The guy has done ZERO in two years to reduce the discount......

People are mining mentality and can't pass financial engineering 101.    DGR Global trades for less than the market value of their holdings in SOLG,   about 50% of the value of  ALL  the spinoff/daughter companies  combined.    NM should on the margin sell down the daughters and buy back DGR shares at 50% discount in the open market.   He has done ZERO to max value for DGR shareholders.   DGR just filed their Half year report.
Shows the value of all their public holdings.   Not much debt or liabilities I can find.  Fairly clean books.

CGP has the larger market cap than DGR.   About double.   NM only controls like 20%.   Last I looked DGR was .14 cents.    CGP bids 25% premium stock for stock.   Gains another 10% ownership of SOLG/Cascabel.  Call Maxit to figure out what to do with all the other public and private pieces/holdings  (Sell,JV merge  etc.)    

From my DD DGR stock and options and the converts all are out of the money up to .20 cents...........   No problems there.   The U.S. institutional investor does not convert their debt until 20 cents.

In a share for share deal I keep my economic ownership of the SOLG and all the other companies/assets now within CGP.   THen CGP calls a special meeting in Canada to replace the SOLG/NM  BOD.    You only need one of the two majors to go along with the vote/slate to win.    CGP would already be the largest shareholder with about 20% of SOLG shares and 15% of ENSA.......

IF you really want to get NM and cut him down at the knees,   this is the way to go.   
Can't see any reasons why the bid could not work............the second part,  to replace him and his gang on Solg BOD would be more difficult IMO. 

Would love to hear any reasons CGP would or could not do it!