GREY:VITFF - Post by User
Comment by
SWHuskyon Aug 16, 2024 1:55pm
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Post# 36183010
RE:RE:Court Appointed Receiver vs. Privately Appointed Receiver
RE:RE:Court Appointed Receiver vs. Privately Appointed Receivercheif,
Just heard that AXU "rudinfrance" dropped some cash on this, what a story. :(
"Personally it cost me nearly C$50K, too bad, pray continue. However, the rules we live under (Market) have dealt a nasty blow to the Yukon and local FN. The only party that would have a real interest in cleaning up the mess (VGCX) has been taken off the job. What's left is, most likely, incompetent government, National, YT and FN as well as a bunch of profiteers with no interest at all in anything "local". Alexco cleaned up Keno Hill and got taken out, in a very dubious looking deal, by Hecla. We may see a repeat of such a scheme. Market participants will profit and local communities and the environment will suffer more than necessary."
imo
Stratocheif wrote: Protect the interests of shareholders???? Are you serious?
The press release clearly states that the trading of shares is suspended (and it is), and proceedings have been initiated to delist. In other words the shares are as now worth ZERO. The existing shareholders are wiped out. They may as often happens introduce a new share trading OTC but that's always nonsense for those who like to gamble and rarely amounts to anything.