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Bullboard - Stock Discussion Forum Argex Titanium Inc. ARGEF

"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."

GREY:ARGEF - Post Discussion

Argex Titanium Inc. > Still...
View:
Post by Sacapus on Jun 19, 2019 8:37pm

Still...

Maybe I am stupid, but I do not understand why Argex signs an agreement with China and then goes under bankruptcy protection two weeks later ... and that after announcing its intention to consolidate the shares. .. unless all this hides a paid strategy. I plan to buy cheap shares to strengthen my position, when the market will resume for Argex. Someome to follow me? More buyers, more money. But if you panic, you make panic the market and then you will have a reason to panic. Bankruptcy may be a good thing. I made one and now I'm still alive. What is the strategy of CEO? That's the question. To buy or not to buy...
Comment by SGordon on Jun 19, 2019 8:48pm
Sacapus.... I don't understand the move either, except if they want to wipe out us (shareholders) and take our money (like f@cking robbers)!? Or they really want to make it right and they don't have the choice to do this for closing the deal?? If we are screw, you don't gonna be abble to buy anymore, unless they change their symbol and come back on the TSX. But there, we gonna all ...more  
Comment by Sacapus on Jun 19, 2019 8:55pm
That is exciting even if our money is at stake. That's the game. In my opinion, the CEO will respect the shareholders if we vote according to their wishes at the meeting. At the point where we are, it's worth doing, right?
Comment by Mininggeneral on Jun 19, 2019 10:55pm
Scapus, let's us all know how the meeting went on the 28th.
Comment by Mininggeneral on Jun 19, 2019 11:03pm
Sac, if by chance Argex restructures, old shares are worthless and new shares will be issued. You will be buying new shares. What happens to the stock? The short answer is that most of the time, the stock of a company in Chapter 11 becomes worthless and shareholders get completely wiped out. Purchasing stock of a bankrupt company for pennies per share and hoping to make a quick buck when the ...more  
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