RE:RE:RE:RE:Here’s what’s upI appreciate your replies. At least I'm not the only thinking this a screwy move by SHL.
The downside to selling after Aug 6th is a person would have to buy back the shares they sold before they could buy more shares in order to get more CNC shares. Although I wondered, 1 CNC share for 65 SHL shares sounded like a pretty good deal. Maybe too good. I get a feeling the ratio will be a lot lower the next dividend announcemen like 1 CNC share for 130 SHL shares. But you are both right, who knows what shannigans are going on in the corporate board room. At this point I wish SHL kept their shares of CNC allowing their share price to go even higher when CNC nails it on new drill results, additional township ownership, and the best part, a buy out.
I can't tell you how many times I have seen this garbage go on with penny stocks. I owned penny stock in a non mining company where the CEO exaggerated quite a bit and covered debt with issuing a bunch of shares, but he did eventually hire a new CEO so he could step back. The guy seemed real sharp, anOlympic bicycler who won some medals. Well, one day the poor guy was riding his bike and got hit by a car and died. needless to say the company had nothing else going for it and bellied up pretty much right after. At least the situation is a lot better here.