RE:RE:Titan Update - Increases offer rjm316 wrote: Thanks Tad. I am a bit confused on what percentage is required for this deal to go through. Is it 50.1 % or 66 2/3 %. If they have 45 % already lockup then they're close to the 50%.
Why has Core not responded over the last months and especially to this new offer. I'm worried that in the latin, legal phrase "QUI TACET CONSENTIRE VIDETUR, meaning : He who is silent appears to consent.
And we get crickets from the company,
Obviously, as standfir noted in his post last night, it is apparent that Javier Reyes, and perhaps other board members and their friends, family and business associates,
MAY have pledged their shares to the Titan deal.
And Titan has only managed to secure about 45 % .
Tell you something ?
Our board are not representing the interests of their shareholders.
If any board member has tendered, does this not constitute a material event and the company should have press released the information prior to Core Gore shares trading this morning ?
By not commenting on the Titan Mineals announcement, Core Gold director are crating undo confusion in the markets and shareholders may be panicking into selling shares, possibly to parties friendly Titan Minerals.
If there is another offer or offer on the table, then Core Gold needs to make an announcement.
If there is no other offer on the table, then Core Gold needs to make another announcement.
patience, do not panic.
DO NOT TENDER TO THE TITAN MINERALS OFFER
GLTA