RE:RE:RE:RE:RE:RE:RE:RE:Merger with Abcourt mines(ABI.v) This is my opinion:
It's a big surprise. In my opinion this agreement took place too soon. Claiming that a 33% premium on the SP (from 3 to 4 cents) is a PREMIUM and and a gift to the shareholders when the company is already far too undervalued is an insult to longtime shareholders.
The SP of ABI is 7 cents. We will have as a ''rollback'' of 0.57 ABI share for 1 PRO share and after that another rollback from ABI 7:1. Seriously, the management and BOD of both companies think that the SP increase enough that the shareholders of both companies will be in the green someday?
Before making this agreement we should have waited for the bulk sample incomes and a much higher SP. We got screwed with this deal
For months, everytime they made a 10-15 minutes video on facebook I was present to listen to what they had to say and their plans while behind the scenes they were preparing a fire sale of our company
Loc and Robert talk 2 weeks ago in a facebook video of $3-4 M and more of incomes for the bulk sample. We don't need to sell our company to ABI for peanuts.