RE:RE:RE:RE:RE:So why the 13 million shorts?Pandora wrote: Kherson wrote: Pandora wrote: Kherson wrote: soundandfury wrote: The shorts are like buying insurance? They protect your capital in case of some unforseen event and they allow you to sleep at night as you wait for the ultimate take out offer whatever that price is and whenever that happens.......if a takeout is going to occur you would want to own the common stock rather than the debt..........when we see a drastic reduction in the shorts report we will know the takeover offer is imminent.......imho
Yes, a buyout has been in the works for quite awhile. Once the Special Recapitalization Meeting is completed at Headwater Exploration on March 4th, Neil Roszell's buyout announcement will soon follow!
Kherson
They're going to do a 1 for 3 consolidation on Corridor shares prior to becoming Headwater?
Pandora, where did you read that? That is news to me.
Kherson
From the January 13 CDH news release:
"Upon completion of the Transaction and in conjunction with the next annual general meeting, it is expected that the shareholders of Corridor will be asked to approve amongst other items: (i) a change of Corridor's name to "Headwater Exploration Inc."; and (ii) a consolidation of the Common Shares on the basis of one post-consolidation Common Share for every three pre-consolidation Common Shares."
This is very interesting Pandora! You are correct about the Corridor Resources NR, but the Proxy materials, dated February 6th, do not reflect this. I guess I will have to re-read the Management Information Circular.
Thanks,
Kherson