RE:RE:RE:RE:RE:RE:Merger DD : Let's Talk About DilutionDoumDiDoum wrote: Rogg47 wrote: therager wrote: Been a long time since I posted here. DDD, I feel your pain and I have been a shareholder since Orex days and my entity still controls a significant amount of SGNL shares. SGNL made a crtical mistake by taking on too much debt and put themselves in this situation. They made a serious miscalculation on time to final permits. To me, the NEXG merger is the only plausible solution at this stage. Kevin was never able to attract any serious institutional holders of SGNL like Frank Giustra. I have been a professional investor for past 30+ years and sometimes you have to move on, take the L, and hope NEXG can grow its company. Single asset mining companies have no institutional interest. I am voting my shares FOR the merger.
DDD is the perfect example of someone who felt in love with a stock and because of that, can't be objective regading SGNL situation!! He has proven that a ton of times on this board!!
The actual deal is the "best" (obviously not a good one, that's different...) that the process came out with (maybe the only one too...). Coming out publicly stating that your company is to sell is never a good sign (bankruptcy is around the corner...) and no way you can be in a strong position to negociate...
I'm too a long time shareholder and I will vote FOR, the only hope we have actually to go through the next months!! BUT I have a MAJOR concern about this merger: Bullock, the one who has destroyed Anaconda/Signal Gold, will be the President and CEO, seriously?!?.... Seriously, this is a joke!!.....
Roggy, just for the record, Brankruptcy is NOT around the corner. They want you to think it is, but it's not.
Hey DDD you can believe what you want and I don't care!! You have proven in the past years being in an unicorn world, having some pink glasses!! Why do you think SP is soooo low, that there's no interest in SGNL for a long time, why this was the "best" deal on the table?!
I'm not relying on anybody regarding my bankruptcy theory, that's my own opinion!! Think about it, NOBODY would invest in that company (maybe except you) just to settle the HUGE debt we have because we'll need WAYYYY more money to only cover the ridiculous admin fees + more to bring the property to production. So without this merger, clock is ticking....