RE:Double cheated by the "Newcrest & O' Brien gang"Everyone has to think about what they wanted when we bought Pretium shares for the past 5 to 7 years or longer. We where investing in a company that had the potential to make us some good money. We have put up with the good and bad times , but had faith that we would get there.
What Sailor8 has pointed out that we are going to get cheated out of a once in a life time discovery at Pretium by the low ball offer from Newcrest along with the directors of Pretium.
Investors think they will at least get $18.50 per share if it goes thru, but Newcrest can if they decide that they want to pay you $9.25 plus half a share of Newcrest.
It's complaicated as they won't know exactly how it will end up until all of the responses are received. The election to take 100% cash is subject to proration
Basically the aggregate total that Newcrest will pay is 50%cash annd 50% shares. They are gambling that some shareholders will elect cash andd some will elect shares to end up somewhere around 50/50. So the cash or shares requested could be reduced to reach that 50/50.
They fiqure that there is about 35% Pretium institutional shareholdeers that are Newcrest shareholders and therefore more likely to hold the shaares, What happens if they don't want the shares and want the cash?
You can't listen to the shorters like Miningman or others as they don't care about anyone on this board
We have to stick together and vote this down hoping the institutional will as well as Pretium BruceJack is once in a lifetime Mine. Vote No