ProShares Short SmallCap600 T.SBB

RE:You can try to Justify Offer

[AlwaysLong683]

BaldSilverHead wrote: But you CANT! It's roughly half of the SILVER ROYALTY value and ALL THE GOLD is FREE!!!!

.....and it's blatantly AGAINST the corporate VISION and MISSION (really it's grounds for a FRAUD lawsuit)!

There is NO justification for that.

Then where's ABX, AEM, NGT, GFI, AU, AGI, LUG, etc. racing in and offering a much higher present value in their own shares to SBB shareholders? Are they all missing the boat? Are all of them too naive to see what a bargain SBB would be even at a much higher bid?

Also, where's the outcry from Orion which, according to SEDI, sold approximately 28M SBB shares on February 13 and still owns 45M shares....? Why aren't they issuing a press release indicating their outrage over the BTO deal and insisting that the BOD hire a new CEO and build the mine as scheduled. Orion has a lot of votes to use at the upcoming special meeting, so it would be important to have them on board, yet who's heard a peep from them?

Or do some participants on this BB think they know more than the gold producers or large shareholders like Orion about what SBB is worth or whether it should be sold now or continue its mine build operations....? Things change. Plans change, Mistakes are made. This is the way it works in the corporate world, and there are avenues available (hostile takeover bids, outcrys from large shareholders, etc.) if parties believe a given deal / transaction is a bad one. In this case, the silence speaks volumes, and if not a peep is heard between now and voting day, the outrage would seem to be contained to small retail shareholders who likely don't have the full picture of the state and likely future of SBB as a stand-alone company with a current market cap of just under $1B.