RE:RE:RE:RE:RE:QuestionsThanks for a great thought of an alternative that I never considered. It would be definitely interesting for the whole "saga" if a foreign entity suddenly said I want cash for all the shares I have scooped up. That would toss a huge wrench into the fray.
Did anyone notice how magically Titan seems to always rebound within a day to the 18cent mark though the last bid was 15.5 cents. Yes I said 15.5 cents. Does not speak well to anyones faith in Titan and only goes to show, even with their claims of owning Core Gold, People do not really see a company that holds any value or promise of profits in the future. More likely just they are trying to get in at a low, then sell when the shares are artificially once again propped up, and make a quick 12 percent on their money. Since they promised Core Sharholders 18 cents their stock has not cracked above this mark. This also speaks to the lack of faith by anyone to interest in Titans Shares.
Their share price drops, and someone always comes in and bids over the ask price, when it is below 18 cents, and voila, a few hundred dollars worth of confetti and there shares are back to the promised 18 cent mark. LOL, the ASX is as crooked as any Canadian securities as they have been informed of this and have done nothing. This was going on prior to their long extended trading halt, and it continues until this day.
Pretty much speaks to the criminality that goes on in securities all over the world. Can the faith in Karma pull a rabbit out of the hat for Core Gold shareholders. The "saga" continues. One thing for sure, it is scary in the fact this criminal sharade got this far, but exciting as you never know in life, for it can change on a dime, and there are always variables that cannot be seen. One thing is, I would not hold my breath on, is that the regulators would ever actually do their job, in either country.
If Titan was required to pay cash (instead of shares) to any non-Canadian shareholder, wouldn't the deal already be dead because Titan would have to give Javier Reyes (and his very Mexican friends and family that hold shares) cash they don't have for their tendered shares?
It's also entirely possible Anonymous (that is gobbling up all the shares) is a non-Canadian actor that believes they will get cash for Core shares so that's going to pose an interesting problem for Titan if they have to pay out. Would regulators actually force a company into what they would claim is bankruptcy/insolvency to pay out cash instead of shares to an "unexpected" volume of cash claims? The shareholder register probably showed that the vast majority of shares were held by Canadians when the takeover bid was announced and maybe they'd just claim "mea culpa" and say for the sake of all shareholders they must issue shares instead of cash to these non-Canadians.
Alternately, it would give Titan (with Core properties in hand) an excuse to immediatley flip to whomever it was that gave Titan (a company with virtually no instrinsic value) an unsecured, multi-million dollar loan for a song on the justification that they face insolvency otherwise due to the "unexpected" cash payout requirements.
So is Anonymous a Titan friendly buying shares to tender or is it a non-Canadian expecting cash (and will they be horribly dissapointed/lose their shirt or perhaps the Titan deal dies as a consequence)? The saga continues.
The fact that Titan was able to state that non-Canadian shareholders get cash while Canadians get worthless paper of the same alleged value is the real shame in all of this and is what faciliated this scam. It remains to be seen if they actually intend to pay out, because if Anonymous isn't a Titan friendly, it's definitely not a Canadian actor.
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