RE:MILLIONS OF MORE FREE SHARES LIKE CANDY at .395 cents???Is that really legal in Canada?
1) dumping the stock price with an abysmal AISC prognose.
2) giving oneself lots of stock rights based on the new and very low stock price (0.275$) making the dough of a takeover bid, that one knew about when issuing the stock rights.
3) selling the company at a very low price while issuing millions of new shares to the bidding company and oneself both below the market price, in that way earing lots of money for oneself and the bidding company + making the take over much easier because there are new issued millions of additional shares to yes voters (management and bidding company), without offering the current shareholders to buy additional shares at the same price and conditions.
As I see it this deal benefits the Argonaut management and Alamos (the bidding company), while the Argonaut shareholders looses big time.
I don't think such an arrangement would be legal where I live. Is it really legal in Canada?
The reason why I invested in a Canadian gold producer instead of a gold producer somewhere in Africa or the like, was that I believed, that Canadian law (as Canada is a part of the civilized would) would make something like the above mentioned impossible