Argex Titanium Inc. ARGEF

Someone can...

[SGordon]

Hi,

can you (one of you) post the exact numbers of shares/warrants that Mazen and his familly/friends have? Can't find it in total...   Thanks

[Menace46]

Hi Gordon, you can find the board of directors holdings on page 5,6&7 of the most recent information circular. As far as I know there is no way to find out the holdings of family/friends as they're not considered insiders. The #’s from the information circular will not reflect the series of options they awarded themselves in late June, the ones we were supposed to vote to approve at the

[Menace46]

The board of directors themselves hold approx; 30,000,000 shares, 100,000,000 warrants, Somewhere around 80,000,000 options, If Mazen A converted all his notes, warrants & options he’d hold a total of  right around 190,000,000 shares himself.  Check out “Effect on control of the corporation” on page 23 of the information circular 

[footloose]

if they still owned these share and brankrupt the company,do they also lose there shares or can they protect them thanks

[SGordon]

Thanks Menace... Footloose, if I understand correctly if the big Creditors accept the offer of Mazen next week (that is what Tadros told me...), Mazen will rebuy Argex (only bider) for his self and his thinking it's to put Argex on private and continu the game (and from a good source, that's what he want to do). And then he will wipe us all and just give +/- 10% of what he owes!! 

[Menace46]

If they do still hold those shares yes, they would essentially be sacrificing those shares to bankrupt the company. To me that’s a pretty good indicator of the potential upside, them willingly sacrificing approx. $2m in common shares... Mazen A must have made guys like Mazen H a pretty sweet offer to go along with this scheme as Mazen H will be sacrificing approx. 6,500,000 shares himself. But who

[SGordon]

The only way to made a real BK is if the big reditor DON'T accept the offer of Mazen (but they will lose everything, so it's unlikely). If they aceept RGX will go to private and keep all the money for them!!    GL

[moonlight1]

If they sacrifice the shares to take the company private one of the first things to investigate will be if they sold off without disclosing. There will definitely be a full investigation, there are too many suspicious items to be ignored by SEC and others (such as the investors) and they KNOW THIS!!

[SGordon]

Write to them AMF and SEC...  Thanks

[Jonblow19]

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[Jonblow19]

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