We all agree that Titan is a worthless company to Core Gold (it does have some value in that it has an ASX listing and $100 m A in tax losses on the books, just no mining assets that are worth anything, and Core has lots of tax losses it is carrying forward already ( I couldn't find the cumulative loses in Cores' financials. We haven't seen year end 2018 yet either have we? This is almost May isn't it? I guess Core CFO is busy being a shill for Core BOD4) and an ASX listing is worthless to Core). Even Core BOD4 readily admits that Titan has no actual value , as when Sedun says that it's only value is that it is from Australia, and I suppose that in his little racist heart that is better than being from China.
In a perfect world, or even just one where things work like they are designed to, this Titan offer would have been reviewed by Core's CFO, and he would have told the BOD5 that it was a nuisance offer and should be ignored. However in the very corrupt world Core Shareholders find themselves in , the BOD4 was already totally in bed with the Titan backers,otherwise the offer would have never surfaced , and so the CFO was given two choices: enthusiastically back the deal, and receive a reward for doing so; or be immediately fired with cause -no severance, no nice letter, and if you go public in any way we will sue your xss off, and not rule out bodily harm (big money = bad guys).
So here we are. But it is not that much about Titan; sure they carry the virus, but it is BOD4 that is making us sick. I guess I see Titan as mostly being Carr and some Rowley. And towards the end of 2017 when Titan was on death watch that was the case. That Titan had great entertainment value, but now it has been 'bought' by some other folk with more cash in their pockets, and we need to watch them as they work in concert with BOD4 , to try and steal Core. It is them working together that gives them a chance.
I would like to give you, dear readers, my final (perhaps) speculation on how this community of thieves came together. I am not sure how important knowing that definitively would be; maybe in a 'know your enemy' way, but I find that writing about stuff clarifies ones thoughts, so maybe the genesis of this grouping has some import, and it will become clearer what that is.
What I see, in my imagination for sure, is this Luis Zapata character who I know little about, but I will extrapolate from the little that I have read about him on this forum, fitting the bill as deal maker. I have ruled out Sedun - too tired; or Reyes - bankers are conservative ; or anyone else from Core; and I can't imagine anyone from the Titan side imagining this could work unless they knew Core BOD could be corrupted. It seems Luis is a smallish money man, but a wannabe deal maker. In 2017 he was working for Core , in a minor role, but enough to know all the inner workings. Around the middle of 2017 (story time kids) he was in Peru and he ran into Carr who was working hard as an artisanal miner at the time. Maybe they had cocktails, or shared whores at the local brothel. And Carr told Luis that he had this 'company' lying 'dead' in an Administrators office, the company was called Minera, that had an ASX listing and nothing else except interestingly $100 m in losses for tax purposes , still on the books. So Luis put his little scheming brain to work. He knew that things were slowly turning around for Core, but that it was still greatly undervalued, and ripe for some kind of takeover. He also knew that Sedun was open to offers, of any sort, being that kind of guy; and that Sedun had got Washer off the board and replaced him with his friend Clough ; and that Bailey was on Core's board and was a Sedun kind of guy as well. Luis broached the subject of somehow using this 'dead' company , with Sedun, and was surprised how enthusiastically his ideas were greeted perhaps because Sedun had always felt that Mr.Piggott was getting all the credit for 'saving' Core when Sedun figured he should get some credit as well,and maybe this would be a way to bring Mr. Piggott down. Sedun assured him Clough and Bailey would follow his lead, but a simple share count made it obvious that they would totally need Javier Reyes's shares to win a vote. Mr. Piggotts shares would also be very helpful, and they figured out that they could possibly coerce him into going along . But they knew enough to not let Mr Piggott catch wind of their scheming. Javier Reyes ,the Mexican banker, remained the key, with his substantial share holdings in Core, and his promise of a $15 m loan, which if it happened, would make a merger unnecessary. They knew that with both Reyes and Piggott on board a Yes vote would be all but assured. Sedun agreed that he would be the point man for Core BOD, and he knew that the little shareholders of companies are generally apathetic, uninformed, easily duped, and would trust his far superior knowledge and experience in all this confusing financing stuff. It would be a walk in the park, and he relished the thought of taking Piggott down a notch or two. All that was missing were some people with some money to bring back Minera; and most importantly :Reyes's support.
Luis shopped Minera around with the people he knew, and sure enough some came forward. The deal was that Carr and Rowley wanted $17m A for Minera, and of that they would get a couple million each, the Vista Mill would be completed, and the rest would go to listing fees , old debts , operating costs, etc. The Vista Mill was owned by Carr , in a private company, but he would give it to the new company to make it look like the new company actually was more than nothing; but at the end of the possible merger thing, he wanted it back. He figured he might be able to make a little profit with it back in his private company. For the $17m A, the 'backers' got an ASX listed company, $100m in losses for tax purposes (which would save a profitable Australian company $30 million in corporate tax, and they could probably get $15 to 20 m for the losses if sold to the right company). And the tease in the deal, was that if they did things right this company they acquired for $17m, would change it's name to Titan and just maybe takeover 50% of Core Gold for only another $20m A, and then a little later maybe takeover 100% of Core for another $10m US; and of course they would need to look after Luis and Sedun especially and all the other 'backers' within Core Gold ,mostly Reyes, to get their vote. Mr Piggott was an obstacle for sure, but the board could threaten him with firing , or bribe him with a promise of being made whole for his fairly substantial share holding. And when Reyes was shown the deal with BOD3 backing it to the hilt, for some reason he agreed to go in. And when Mr. Piggott was confronted by the BOD4 now, he had no option but to agree or face immediate loss of the CEO position, and hence any control.
So pretty simple story really. To begin with anyway. My friend Jack always has told me to follow the money, if you want to understand something like this. And I have always felt intuitively that this deal could be great for Luis and Sedun, maybe the Titan backers, but that there wasn't enough money there for it to be great for everyone. So I have done some hard work with lots of numbers, just to see how things might work out for every body. Don't let all the numbers put you off, dear readers, if you follow it through carefully it is actually not that complicated. I will start with a table, and then explain the table after. I will indicate where the numbers are factual, and where they are speculative. In the table the numbers are rounded off and in millions.
Col. A Col. B Col. C Col. D Col. E Col. F Col. G
Core Pre merger Pre Merger Merger NO Merger Merger Merger NO merger
Shareholders MC $48 m MC $150 m MC $150 m MC $150 m MC $75 m MC $250
Reyes 29.5 8.5 13.9 24.4 26.5 9.5 32.1
Sedun 6.8 2 3.2 5.6 10 3.5 7.4
Sam Wong .65 .19 .3 .54 .75 .3 .7
Bailey .39 .12 .06 .32 1.25 .6 .42
Clough .035 .01 .02 .03 .5 .3 .04
Investa Bank .83 .24 .39 .7 1.2 .5 .9
Sharfen .54 .16 .25 .45 .8 .3 .6
Titan shares 9.1 4 4.3 7.5 10 4 10
Everyone Else 112 33.7 52.6 93 5 2 197.8
160 million $48 m $150 m $250 m
Titan Backers 75 85 54
$150 m $150 m $75 m
The first column is Core Shareholders before the merger. Javier Reyes, his family, and Credipresto have been grouped together as 'Reyes'. 'Sedun' is Sedun and the wife. 'Everyone Else' are all the shares not pledged to the merger.
At the bottom of the column are Titan Backers who come into play if there is a merger.
Col. A The first seven on the list are from Sedar April 20, and are the number of shares they have pledged to the merger. After that is Titan shares which are the shares that Titan acquired in the PP to raise $3m US. Then Everyone Else to give a total of 160 million shares outstanding as of April 20.
The numbers are in millions, and rounded off. And mostly accurate.
Col. B is the pre merger value of the Core shares in millions, rounded off, and in $C (sometimes I might slip into $A), assuming a Market Cap (MC) of $48m. It also more or less represents the cost of the shares by the first eight on the list, assuming a purchase price of 30 cents .
Col. C The merger has taken place and all the promises that Titan and Core BOD4 made actually come true. The TSX listing is gone, but they are going crazy over this on the ASX as Sedun said they would. The $20m A was raised at the price they said it would be, and the Aussies and all those "sophisticated , high net worth' ( low IQ) investors" , love Titan/Core and the market cap jumps to $150 million as they sold us on. At this time Titan Backers have put in $17m A to revive Titan, and $20m A to seal the deal or approx. $35m C. The assets of the new company are the $20m A ,minus the $3m US debt for the 9.9m shares in the PP, and minus $5m A to Rowley and Carr to keep the Vista mill going a little longer and to line their pockets as agreed upon = total $10m C in cash to Core ; plus the assets of Core which the market valued at $48 m before the merger; and $8m for all of the actual physical assets of the old Titan: basically the Vista Mill, some gold in the ore in the inventory (which by June might have been processed already if they can figure out how to use the mill), maybe some office furniture. Total assets of the new company $66m, MC $150m. At this time Titan backers have slightly more than 50% of the shares in the new co. and Core Shareholders the balance. The numbers in Col.C are the value of the holdings of the various participants at a market cap of $150m. All Core shareholders are treated equally and fairly. The share price would be 47 cents equivalent to the share price before the merger for Core shareholders.
Col.D The merger has been voted NO , and Core raises $15 m from loans, asset sales, with no additional shares printed. Core, with Mr. Piggott back at the helm, carries forward the plan it always had: expand the mill, increase production, drill Copper Duke , Linderos some more and DGF. With this underway the share price rises enough to trigger the warrants from the previous PP, and another almost $10m is raised . With the extra money things proceed apace , and soon the mill is producing at a rate of 100,000 oz/yr and generating a nice operational profit. Now, the value of Copper Duke is a guess. Ian Telfer figured, what was it?, $50 m site unseen basically, back when gold was cheap. But then wasn't that around the time KInross paid wasn't it $1.3 billion for Fruta del Norte. They seem to have been a little exuberant in those days. Anyway, my own estimate for CD is that with a reasonable ,but still preliminary, drilling it would be valued between $0 and $100 m. And would have to be pretty darn good for someone to give the $100m without a lot more drilling and a PEA. So let's just give it a value of $50 m after some drilling, as an average expectation. With that and the mill operating at it's new capacity, I would think the MC would be $150m at today's gold prices. With 180m shares out at that time, that is a share price of 83 cents. This will take a year or more.
Col. E The merger has taken place. The TSX listing is gone. The new company is set to open on the ASX at a share price of 25 cents (47 cents equivalent ) and with 600m shares out the market cap would be $150m.
At the open 200m shares ,from the Core shareholders, are tendered at the 25 cents. Not one share is bought. The ask drops, but still no bids appear. The Core shareholders don't take the ask below 10 cents and so far not one share has been purchased. But then some asks appear, from Titan insiders, at 5 cents, and other insiders buy them, and the share price is orderly taken down to one penny. The market cap is now $6m. The Titan BOD then exercise their right under the 'Agreement ' to issue $10m US worth of new shares at the now market price of a penny, and 1.4 billion new shares are printed. And the only folk allowed to buy these shares are "Sophisticated and high net worth (low IQ) individuals" : read Titan Backers and Core Gold insiders ( Sedun, Reyes etc.). These very cheap shares are proportioned out at the previously agreed amounts. Perhaps this would be where Luis would get his reward for his work on the deal. The total value of all the old Core shareholders not in the deal has been reduced to $.6 m. With the $10 m from the original deal, and the additional $10m US , they are able to do similarly to what Core did in Col. D. When they get lucky at Copper Duke, and relist on the TSX where the investors maybe are not as sophisticated but perhaps higher IQ, the market cap rises to $150m within a couple years of the merger. So Col. E is how I see that $150m being divvied out to all the players. At this point Titan backers have put in almost $50m C . The total value of 'Everyone Elses' shares is $5m, with a MC of $150m, which is a share price of 4 1/2 cents equivalent to before the merger. And whether the old Core shareholders are left with $ 5 m, or more , or less, will depend entirely on how the new Titan BOD feels about it. They can set the share price for the dilution to whatever suits their fancy.
Col. F The merger has occurred and the share price has been manipulated as in Col. E. to create the same ownership structure as in Col. E. But the new management turns out to be somewhat incompetent, Copper Duke is a bust, and the $25m they started with ($20m A originally which turns out to be $10m C plus $10m US a little later) disappears fast. It feels like Mundo,and Minera all over again. After a year or more the mill is still only operating at less than fifty thousand oz/yr. and Green Oil doesn't like the deal anymore and is going to back out of it's contract with Titan. As well, the local communities are up in arms, literally, over the many misdeeds of the new co. Even with the price of gold now at $1600, the market cap is stuck at $75m, the TSX listing didn't help, it seems the Canadian investors have a keen sense of smell. At this MC no one makes anything: Titan Backers barely break even, Reyes ends with about the same as pre merger , only Sedun makes a little extra.
Col. G This is my favorite column. After the merger deal goes up in flames, the fireworks of celebration die down, and Sedun, Bailey, and Clough are tarred, feathered and run out of town; Mr. Piggott, newly reinstated, talks with Co X again. Nothing has changed for them, and they bring in the drills. When it turns out Dynasty's old drilling was accurate, they give Core $20m now, and after more drilling at DGF , a decision to proceed with a new mine at DGF is made and another $20m is paid to Core. This causes the share price of Core to rise above the warrant trigger point and another $10m comes in. And then in a flood of good happenings, Core sells Jerusalem and some other stuff for another $10m. With the $60m in hand they do everything they planned and more. The old mill is quickly ramped up to 100,000oz/yr, a new fleet of trucks is purchased, and they drill the shxt out of everything they can find. The new mill that Co X is building at DGF is well under construction, and within two years the market cap hits $250m, and with 230m shares out now, the share price is $1.09. And their is lots of blue sky ahead, with a dividend planned once the new mill opens , and plans for what to do with Copper Duke proceeding.
Conclusion from Numbers
Col. C has as much chance of happening as the Toronto Maple Leafs have of winning the Cup - this year. For one there will not be the buyers to pick up the $50 or $60 million dollars worth of shares that the original Core shareholders would try and sell, if the MC actually was $150m. Also it is not a good deal for anyone from Core, including Sedun, Reyes, etc. They make more from Col. D which is the same MC but without Titan. In Col. E Sedun, Reyes, and the other insiders make out ok, as does Titan Backers, with the same MC of $150m, and they do this by wiping out all the non insider Core shareholders. I think Col. F is a definite possibility (Titan has a long ,and at times hilarious, history of driving everything it touches into the dirt) and Titan can only drive the MC to $75m. It is also possible that Core without the merger might also only achieve a MC of $75m ( I didn't do a Col. for this). But in that case Reyes would make out a little better without the merger than in Col. F, even though many of the Core shareholders were wiped out, in Col. F. And Col. G is everyones' dream scenario. It might be said that Titan can drive the MC to $250m as well , and in that case the Core insiders and the Titan backers would make out very nicely; but you must remember that in my Col. G , Co X has put in $100m to make it happen. I would argue that for Titan to drive a share price anywhere past $150m they would need to put in a lot more cash.
One thing that the numbers didn't make clear is why Reyes would go for this. Sure Col. E is a little better for him than Col. D, but not much, and he must see that Col. D is as likely to happen as Col. E. In Col. E he (and Sedun etc.) only make out better because most of the Core shareholders are reduced to almost nothing. Now guys born with those huge golden spoons in their mouths often don't think common folk are even of the same species as they are, and have no compunction stealing from them. But he must have some concern about his banking reputation. No doubt he lives in a heavily fortified villa, and gets taken to work in the morning in a big black bullet proof limo, so might never have had any contact with a 'common folk'. I thought perhaps he could be the 'Titan Backers' or part of them, but it seems if his bank wont let him lend $15m to Core, why would they give him $20, $30 million ? to put into a pretty shady deal to buy/steal his own company. So Reyes' agreeing to this is still a pretty big mystery. He very obviously is 'in on the deal' whereby he gets back at least his 18% holding in Core that he has at present. After the merger ,but before any further dilution, his holding will be about 9%. And then even if the $10m US is raised at a fair number, his holding would go down to perhaps 5%? That would be if he wasn't inside this deal. So obviously, obviously he is in on the deal. He isn't dumb enough to give up 2/3 of his holding for probably only $25m coming in to Core (by my estimates) . That is less than Core could probably get for Copper Duke without any drilling, and they would still have everything else.There are some possible little losses, a big loss, and maybe a little win for being in the deal; and some small wins, and a possible big win, with no merger, for Reyes. So much risk here for you Reyes, so little maybe gain.
And another thing the numbers showed is that this isn't even that great a deal for the Titan Backers. To get to a $150m MC they will have to put in $17m + $20m + $10m US or $14m = $51m total. The best case for them in my table is Col. E , but even then it is well short of a double on the investment and it will take a couple years to achieve. And any upside from that will take more money. I can show them lots of gold companies that are very low risk,and a high probability of a double or more, if the price of gold gets to $1600 in the next year or so.
What the table shows is that the only winner in most of the merger scenarios would be Sedun (with Bailey and Clough little winners) . Luis would probably be made a winner on the Titan Backers side, if they can get the MC to something decent.
Other Comments
I am looking for some kind of closure here; a theory that would logically explain it all. After Einstein came up with his truly amazing theories on relativity, he spent the remainder of his life, 30 years, trying to come up with a 'Unified Theory' that would explain all physical phenomena, basically something that would mesh relativity with quantum mechanics. But he failed, and the best minds in physics since have likewise failed (some think string theory does it, but no one ,not even the ones who propose it , can understand it). I am not going to spend the next 30 years trying to solve this mystery, and I really hope it gets VOTED NO, and just goes away. The thing is it doesn't make sense for the two principals involved: Reyes, or the Titan Backers. It makes sense for Sedun, Carr and Rowley, probably Luis, but no one else. And the Titan Backers and Reyes have alot of the money in this; Sedun (Bailey and Clough), Luis ,and Carr and Rowley not that much. At this time , I can only conclude that everyone has been duped by Sedun and Luis. But I don't see much logic in that either; if the people that were talked into this figured Sedun and Luis were the smartest ones in the room, it must have been a very ,very dumb room.
I don't think I have much hope of winning any Nobel prize , for this half baked effort at a some kind of unified theory.
Just a few notes then. Core states that they have 51m (rounded off) shares pledged, out of a total 164,372,000 shares out (their number recently given) . In the offer to merger it was stated that a Yes vote of 50% of all shares will be needed if the TSXV requires that. (when do we find out if they require?) If that is the case than they need a lot more shares. We know where some of the 113m shares that Core BOD4 doesn't have are, like with Mr. Piggott, but there are a hxll of alot unaccounted for. Could Core BOD4, or Titan somehow, control lots of these? ,enough to carry the vote. Many of those shares were created in PPs to raise money as Core was coming back, but those all happened before this deal was thought of. It looks like late 2017 was when serious work started on putting this deal together. So I guess it is possible someone (Core BOD4, or Titan backers) could have purchased shares on the open market throughout 2018. The problem is that they would have needed to purchase 100,000 shares every day the market was open that year to get 25m shares. Now I don't remember the number of shares traded everyday in 2018, but Jack ,who follows this closely, told me that many days almost no shares get traded with Core, and this has been going on forever. He said someone would have trouble buying 10,000 shares a day without being noticed, and without driving up the share price. And the same is certainly true for 2019. My own theory on this, it is theory day I know, is that 'they' figured that 'they' had Mr. Piggotts' votes, and that Mr. Sedun would convince enough innocents with his logical explanations, and his fireside chats, to vote Yes. That would explain the incredible rant Sedun did when Mr. Piggott flipped to the good guys. That reminded me of the reaction you get from little children if you try and take their candy away, or the reaction from an alley dog if you mess with his bone. Jack said in his 37 years of investing he has never seen the like. Anyway, for 'Them' to get to the 50% threshold of all shares, they would need another 31m. Maybe that is possible. But even if it is, they also need 2/3 of all the votes at the 'meeting'. Which means if everyone votes, which of course never happens, then NO would need, give me a second here with my calculator, 54.6 m votes to defeat. Now there is no way to guess how many votes will actually be cast, so no way to know how many NO votes will actually be needed to defeat the merger, but what I can say without hesitation is that , if you are not an 'Insider to this deal', if someone hasn't promised you that post merger you will be taken care of, you better blxxdy well vote , and obviously VOTE NO , and if you all do I think there is a very good chance to shoot this down.
Jack has taken a look at my numbers, and read my rantings and ravings, and told me he was quite encouraged when Mr. Piggott withdrew from the Yes side. He agrees that who holds many of those millions of shares issued in the PPs of 2016 and 2017 is the big question here. He figures that if the BOD4 had lots of those shares they would be bragging about it. And Jack also figures that Mr. Piggott probably knows where a fair number of those 'missing' shares have gone. When the deal first came out, Mr. Piggott initially and officially agreed to support it. He might have made the calculation that if the common shareholders were to support the agreement than even if he voted NO , there would be no way to defeat it, and then it would be in his own best interest to be in the deal and protect his holdings as 'they' promised to do. Jack says he in no way faults Mr. Piggott for making that calculation. But with the huge outcry , from the very beginning , against this deal, Mr. Piggott thought there was a chance to defeat it. So dear voters, it is up to us not to let Mr. Piggott down. He has risked his considerable stake in Core, no doubt for himself, but quite possibly because he is a man of integrity and feels a responsibility to the common shareholders. Pretty much the opposite of Sedun, Bailey, Clough and Reyes. All of whom think there might be a little extra in it for them by stealing Core Gold from it's shareholders.
Jack tells me he really hopes this is voted NO. If there is a merger than he figures that if he can get out at the 47 cents a share (equivalent to the present share price) as 'they' very clearly promised in the offer, then he will probably just move on. Even though that is half the buck a share which he fully expected to get if Core would have been allowed to continue. But he says that anyone believing they will get out at 47 cents , probably also believes in Santa Claus, The Easter Bunny, and that Elvis just left the building. And if the worst came to pass, the merger happens and he is left with 2 cents a share (and maybe 5 cents a share if he waits a year or two and Titan surprises and can actually run a gold co), he will lose over one million dollars and will view it as a theft. And he doesn't know what he would do with that. He really, really hopes he wont have to make that decision. But he very clearly knows who to blame for that theft, should it occur. Jack's getting on in years, but he is still not someone I would want to have really angry with me.
Are there other things that could stop the merger? Jack told me, but didn't have time to explain all the intricacies,that there are lots of rules about mergers. And that this kind of shady deal is as common as muck, and regulators do police them pretty good in Canada to prevent innocent shareholders being ripped off by shady characters like Sedun. So it is good that shareholders have been contacting the regulators about this deal so that we can hope that they will at least do due diligence to make sure all the rules are followed in the vote.
What makes this deal stink so bad for Core shareholders is that Titan is so bad, and basically it brings nothing to the deal. And it is so very obvious that the Titan share price is being manipulated. But the same could be said for half the companies in the S&P500 in the USA, who use share buy backs to manipulate their share price, quite legally. If the company that Core BOD4 has engaged to do a fairness opinion is corrupted by the Core BOD4 , then there probably isn't much to be done there. And Titan being in Australia also makes it all more difficult to prove any wrong doing by Titan.
And then Mr. Piggott is certainly doing something. But I don't have any ideas what that might be. I think that we should just be alert to any possible thing that we might do to assist him , in any way, in his efforts on behalf of Core Shareholders.
And then I guess , finally, is there any possibility of another offer? That seems to happen sometimes in this kind of situation. Sometimes even a bidding war. A problem might be that when a bidding war happens the BOD are suppose to be working in the shareholders interest and try and get the best deal. That is not the case here, and the BOD4 is doing all they can to keep other offers away. That might be an insurmountable hurdle to another offer saving the day. We have already had another far superior offer come in, and unless Mr. Piggott is able to do some legal maneuverings, it doesn't look like that will save us from a vote on the far inferior deal the BOD4 is trying to push through.
And then truly finally, suing the Core BOD4 or anyone else. BOD are always protected against lawsuits, by the company they represent. So if someone did sue Sedun, and won, Core (or the insurance co) would pay. Jacks' experience with class actions is that there is very rarely anything significant left after the lawyers are paid, and the action takes two or three years.
And you all need to remember that defeating the merger is just step one. The next step is a new BOD. And I really have no advice there on how to bring that about. One thing is that BOD4, the hangers on and Titan have 51m shares in Core which could easily be worth $51 m without a merger (a deal with Co X for example). So it's not that they will do a 'scorched earth' kind of thing. It will still be in their best interests to see Core do well, if he merger fails. Hopefully in that case Reyes will come back on board and work to help Core. I could see the possibility of him remaining on the board. But Sedun and his little helpers must be gone.
If you are, or will, have trouble figuring out how to VOTE NO , you could try messaging someone from this Stockhouse forum that looks like they know what they are talking about. Does that eliminate me?!
If you message them it is private, and they could explain the proxy thing. There isn't a big rush, the vote is a ways away. Please don't message me, I wont reply, as I want to remain anonymous. And it isn't that I am worried about a slander charge or anything, in fact I would welcome that. I would love to stand in front of a judge and call Sedun a cxcksucker to his face. And I suspect the judge would take one look at Sedun and agree with me. And if not in front of a judge, I hope I get the opportunity sometime: in private, in public , whatever. But I kind of suspect Mr. Sedun (and Bailey and Clough as well) might be keeping his public appearances to a minimum in the aftermath of this debacle. Maybe Reyes will let him come live with him.
This will be my last post here, dear readers, and perhaps I can say friends ( that doesn't apply to you Core BOD4 xsshxles who I hope read this). I think I have said everything I can. My friend Jack asked me to help in exposing this for what it is. And certainly it has been fun. But it feels like I have exhausted all the available information. Many of you have lots more shares then I do, Jack sure does, and I wish you the best in achieving a good ending to this story. A final thing is my lawyer has asked me to tell you is that if any of you are going to do something bad, then please don't get caught. And if you do, he said he would help you for free, but very importantly don't tell them that you did it because I riled you up. I am trying to rile you up for sure, but just so you will vote, NO . So I am now going offline.