OTCQX:DMMIF - Post by User
Comment by
Spiritflyeron Jan 28, 2020 9:55pm
94 Views
Post# 30611786
RE:For those holding out
RE:For those holding outLOL, Take a good look those who tendered, your shares are not worth much more than a sinking ship. And down she goes. To the bottom never to see daylight again. The chinese will be buying Cores assets from Titan for pennies on the dollar when the shares drop to 9cents or less.
0.14 AUD 10:25
0.1400.1450.1500.155Previous
close
0.16
10:00 a.m.12:00 p.m.1:00 p.m.2:00 p.m.3:00 p.m.4:00 p.m.
| Open | 0.16 |
| High | 0.16 |
| Low | 0.14 |
| Mkt cap | 84.61M |
| P/E ratio | - |
| Div yield | - |
| Prev close | 0.16 |
| 52-wk high | 0.27 |
| 52-wk low | 0.14 |
1kgcoffee wrote: Titan has over 80% of the shares tendered, supposedly. At a supposed price equal to 0.51 in terms of share value for one core share. Now, lets assume this is all in AUD. That's equal to 0.45.
Ladies and gentleman, does this mean that those of us dissenting are entitled to at least 0.45 CAD in fair value? Since that's what being put forward as the equivalent value? I don't think they can force us to tender. And they can't make our shares just dissapear when delisting. They are extending the period not to be kind to us, but in the hope that those of us remaining will capitulate and make it easier for them. Some have already. Not me.
For those holding out, what do you consider 'fair value'? With a float of 160 million shares, lets say 10% do not tender. Does this mean they have to pay out $8 million in cash? And where will they come up with the money?
Thoughts?