Core Gold DMMIF

RE:RE:RE:RE:RE:Titan Requesting For Further Dilution of Shareholders

[RONNIE111]

Good points Tad.  Thankyou for the consise calculations.

I think the difference between now and when Minera Gold (Titan predecessor) did that almost total dilution of their shareholders of the day (2017) , was that at the time Minera was under 'administration'.  And so I would assume did not have to follow any ASX rules as it had no active listing.  At the time in late 2017, the Administrator convinced the shareholders and creditors of Minera that there was no advantage to the forced liquidation of Minera , as there was nothing of value to be liquidated.  So the shareholders and creditors accepted the offer of  in total, $400,000 A worth of shares at the share price the relisted company would start with, in the to be renamed Titan Minerals.  And so billions and billions of new shares were printed, before the relisting, hence no rules, and the shareholders and creditors were basically wiped out but figured basically wiped out was better than totally wiped out which seems would have happened in a liquidation.  

But now that Titan is back in 'good standing' with the ASX it has some rules as far as share creation to follow, and so it will take them a little longer to totally wipe out all the innocent (not in the deal) Core shareholders if a merger were to happen.  And they are already laying down the ground work to make that happen.