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Cornerstone Capital Resources Inc V.CGP


Primary Symbol: CTNXF

Cornerstone Capital Resources Inc is a mineral mining company. Through its subsidiaries, it is engaged in the evaluation, acquisition, and exploration of gold, silver and copper projects in Ecuador and Chile. The group is organized into business units based on mineral properties and has one business segment.


OTCPK:CTNXF - Post by User

Comment by BSdetector2016on Jun 15, 2019 10:48am
51 Views
Post# 29828810

RE:RE:Let's do some math

RE:RE:Let's do some math
FoolAndHisMoney wrote: Correct. They need 2/3 of those who vote to be in favour for it to pass. However there are other shareholders that you’ve not listed who are on side with the consolidation and collectively they are closer to 59% in favour. So personally I think this is a done deal as typically only about 60% of shareholders vote in junior company annual meetings. 


That's what I meant about "other large shareholders". They will destroy value with this stunt, especially after the financing is announced. Too bad junior companies rarely do the right thing - like cut expenses to the bone and wait. Instead they treat the market as a well for salaries and perks.

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