OTCQX:DMMIF - Post by User
Post by
Bailey3on Apr 03, 2019 7:35pm
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Post# 29579303
Rogue BOD "warrants " investigation
Rogue BOD "warrants " investigationGregg Sedun
Javier Reyes
Mark Bailey
Leonard Clough
IT HAS BEEN SAID THAT THIS BOARD TURNED DOWN A 24 TIMES BETTER OFFER THAN THE SELF SERVING TITAN DEAL.
We also have to remember that intially the 2nd offer agreed to subscribe to 8,888,888 common shares of Coregold at .45 cents for 4 million dollars and give an upfront payment of 20 million dollars.
Also take into consideration that there are over 28 million warrants outstanding of Coregold that amounts to an additional 12.6 million dollars for the bank account of Coregold if exercised.
Well, there were over 1.5 million at .35 cents that expire this month, and the rest throughtout the year at .45 cents. If the price of Coregold was above .60 cents for 10 trading days at any time, they could all be exercised early.
Knowing all this, clearly in black and white, at the time of the second offer, the rogue board still refused and went with the Titan deal. HMMMM So the ROGUE BOD does a 3 million dollar private placement of over 9 million shares of Coregold, to perhaps try to get enough shares to shore up for a yes vote? Way to go. GREGG SEDUN,MARK BAILEY,JAVIER REYES,LEONARD CLOUGH
SHAME ON YOU! It's as clear as day. Your reputations will be tarnished forever. VOTE NO