Great Bear Resources Ltd. GTBAF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nope to US individuals in GB Royalty Rights Issue

[Ivorygull]

flashcash wrote:

Ivorygull wrote:

flashcash wrote: The spin off was free, now it will be half free, half of free is still free.
If you what more free, well you can't, but listing it's a step forwards to being traded where it's value will start to get  greater as the project grows.

Easy money IMO

All Sit tight and if you don't know what you are doing just sit back and learn !

GLA

Well I knew someone was going to say something like that. Yes I know they were free, but to be specific, they weren't, you had to buy the GBR shares in the first place.

And I'm not asking for more free shares, and the rights ones aren't free either. Of course you'll say they are only .15 cents, and I'll say, so! Many companys shares are only .15 cents but you buy them and if something didn't look right, you'd question it.

You were talking of fair play not so long ago. That's what I'm talking about. Completely different to what you are suggesting.

Whether they are 'free' or not, should the three directors get that many warrants for not doing anything tangible at this time? That's the question.
 

They are free, I don't see many companies doing that !

They still are free, If you buy more you are investing in its future.

As for the US perhaps they can be held by another company,  they buy the outstanding shares to your quota which they can't pick up.

And your argument falls apart when you said had to buy the great bear shares first... you never knew you were going to get the royalty shares in the first place is a sort of horse pushing the cart argument. 

They are free, I don't see many companies doing that !........................ You are correct, there are not a lot of companies that create spin out companies and give you free shares.

And your argument falls apart when you said had to buy the great bear shares first... you never knew you were going to get the royalty shares in the first place is a sort of horse pushing the cart argument............................................... That is true to a point, as I had shares before the spinco was announced. However, I also bought more, and I bet a lot of others on the board did as well, when it was announced. I did that of course to get the free shares. So does that make my first shares 100% free but the others less so, knowing the spinco was coming? Personally, I think there was a cost for all the free shares.

They still are free, If you buy more you are investing in its future.................... I'm confused on this one. Isn't that what we all do, buy shares in a stock to invest in its future, and when we do that, buy them, we don't get them for free. So I'm lost when you say if I buy more (for GBRC) they are free.

Anyway, no point in flogging this dead horse. We both have a difference of opinion on it. And talking of horses I will agree with what you say as there is no point in looking a gift horse in the mouth, or biting the hand that feeds me. I'll also not be stupid and sell all my GBR shares because the spinco shares weren't going to have any value and couldn't be traded, like someone did awhile back.

All of the free or not free though does not speak to the comment that I put forward, when I agreed with the person who was not happy about the 3 directors getting an additional 9% of the company by giving us, the Rights Offering.

I take it, that your argument is yes, it is perfectly acceptable because we got free shares. Going along with this then, do you think that it was really the best thing to do at this time, to want to take that much of a percentage, when they already own 4.5% of the company, and will be participating in the Rights Offering the same as the rest of us? Would it not have been better to do it at a future time when they had shown us how they had increased the value of the company?

My questions are about perception and of course my opinion, but it just doesn't look good. Its like when some big raffle is held, but those people involved in holding that raffle, and their families, cannot participate, because the perception by all those others who play the raffle, will think something funny is going on here, something is unfair.

With respect to CT, I still think he is doing a fantastic job and do not percieve that anything went on. I haven't lost any faith in his judgement. He is not one of the directors who will be benifiting. The problem is though, that CT and GBR look like the ones doing this because he is up front and centre. This is about the new company GBRC not GBR, and we do have to realize this. It would be interesting to know, and something I doubt we ever will, if CT had been one of those 3 directors, would he have wanted that many warrants at this time, given as the person from the CEO board reminds us, that CT is very much in line with us the retail investor.

GBRC is going to get listed because we will buy the Rights Offering and that money will pay for it. This is about to happen now, and it is my opinion, because when GBR comes out with its model of the Resource, a lot more will be known long before the actual estimate slated for Sept. next year, as those institutional investers, mining companies and analysts will be able to use that information compared to us retail investors.

When this happens, the price of GBR will rise, and I think that is why we will see GBRC being listed a lot sooner, so it can take advantage of this, as we go towards the actual estimate, versus not listing GBRC until the estimate comes out. I think this is happening because they see how much of a difference this is going to make compared to us dragging along like we have been, despite all the good drill results.

This being the case, with the share price of GBRC higher, because of the increase in GBR's share price, nothing to do with the 3 directors, and the listing of GBRC that will be paid from us, those who participate in the Rights Offering, does that entitle the 3 directors to then say, that 9% increase we took was justified because we didn't have to list the company?

When I see the share price of GBRC rise due to the direc efforts of those 3 directors, I'd have no problem with them getting warrants. Just not this time around, or at least not that much.