RE:RE:RE:RE:No interestWhy a roll back? Do want to lose, even more money? I guess that you were joking. Humor exists wherever you may find it! But we retail investors, do want some of our money back!
I am hoping that the next private placement will be the last. After the present drilling campaign is over, why not end all of the pain? Why doesn't the majority shareholder, just make their cheap takeover bid and buy the rest of us out?
According to Stockhouse Insider ownership records, Greenstone Resources already owns 53.35% of the company. 172,580,000/323,490,000=.5335 x 100 =53.35.
The total market cap according to Stockhouse is 9.7 million dollars. So they would only have to pay 100-53.35=46.65% of 9.7 million. 9.7 x .4665 = 4.525 million dollars. This would be a cheap price to pay at the present day share price.
Like I said before, it is in their interest to keep our share price, as low as possible. After the latest drilling campaign, they could just offer their cheap takeover bid and buy the company outright.
Why would they continue to make endless costly private placements when they could achieve their final objective, so much sooner?
The company already has proven mineable properties and a decent joint venture prospect. They may even have lined up a deal, which they are not telling us about.
Remember, now that Greenstone has majority ownership, they can effectively make any corporate decision that they want. Rockcliff Metals really now belongs to them!
So they should end the pain of our endless waiting. Why should we continue to wait?
The market has decided! We will very likely, get nothing more!
Hudbay's not interested in Rockcliff.
We've been set up!
Let's get out, in any way that we can! That's our exit strategy!
Encourage Greenstone Resources to make their next, most logical move!
All the best! Java