Great Bear Resources Ltd. GTBAF

RE:RE:What if we could actually discuss GBR for a few posts

[flashcash]

Goaweigh wrote: I have my doubts about that 20% figure. If 1832 actualy owns that amount of stock they should be reporting that to regulators and it should be in the public domain, they became insiders at 10% and should have been reporting it then, just like McEwan did so there should be a report out now updating their share position and I don't see one. In fact the moment they hit 20 % a lot of lights start flashing and takeover provisions start kicking in so it's doubful to me that they actually own 20 %, 19.9 % possibly but not 20%, splitting hairs maybe but 20 % is a magic number that no one crosses, not even by mistake.   
The argument could be made that they are only a Money Management firm and the stock is owned by many individuals over whom they have no control, like a stock broker, so they don't need to report it and maybe there's some validity to that although the word " influence" certainly should come into play there. I don't buy that, they are managing discreationary money so they should be reporting.
Then there's the fact that, unless the 20 % is a typo on GBR's part, someone at 1832 has informed GBR that they've now accumulated that much stock and if so it's an admission that they or their clients do own it and that they have influence or control over it so why aren't they reporting it ? 
So I'm thinking it must be a typo because otherwise IIROC or whoever would be going nuts right now and Chris would be too. At the very least he should be trying to secure some sortof voting agreement with 1832 , creating a poison pill defence with them so they can maximize value for themselves and everyone else. 
It doesn't make a lot of sense to go to all the expence and effort of creating an NSR spinco. to protect and increase shareholder value in case someone tries to climb down the chimney to rob you and then you have to admit you're so stupid that you forgot to close the front door !  
     

Ivorygull wrote:

Let’s play ‘what if’…

The 1832 Fund now has 20% of the shares. That’s great if they are inline with CT and the Board and the rest of us longs. But what if they are not. What if they just view this as another share to buy into, make some good money for their client/s and then want to move on to the next share that looks promising. What if they were happy with let’s just say a $30 share price should a major offer that. Their view of making good money is not going to be the same as some of the longs here, who like me are putting everything they can into this. (some of you will say you shouldn’t be doing that, which I respect, but it isn’t part of the discussion right now).

Let’s dig deeper into the ‘what if’s’. For awhile on this board and over on CEO, Rod McEwan was getting hit really hard for selling his shares. I actually thought it was a bit unfair to blame him for the drop in share price when he had the right to sell his shares like any of the rest of us, and given the fact that he put up a lot of money in the beginning to get us going, it seemed a bit harsh. And besides, the lower share price sure helped me get a lot more shares ;) Anyway, back to the ‘what if’s’. What if RM is pissed at CT, and what if he on hearing the same $30 offer decided to throw the towel in with the 1832 Fund?

 

How about more sinister. What if the 1832 Fund and RM along with some others were to be the ones to put in the low bid, get the project taken out from under us, and then turn around and sell it to a major at a significant premium.

 

Just something different to think about other than estimate the value. I know it’s not what I’d like. What say the rest of you?

 

 

I don't think that's a typo, it all adds up to 100 %, big balls up if it is ! I don't like sneaky stuff to be honest.

GLA