Post by
justrelax2 on Nov 18, 2021 9:32pm
Short remarks
New Gold's position is in shares.....if the equity shares become worthless , then New Gold is out $ 25 million with egg on their face.... there lies the story.......is this what is going to unfold...ladies and gentlemen, place your 2 cent bets
Comment by
Homestone on Nov 18, 2021 9:46pm
Appian has about 400 million shares .Worthless .About 70 million shares in interest payments also worthless.I'm sure that Michael W.Scherb from Appian doesn't like to have egg on his face.Something is up with Appian in the big picture IMO.
Comment by
RedBaron1234567 on Nov 19, 2021 12:33am
How do you figure that Scherb will get egg on his face ? when the 125 day holding period expires Appian will pull the trigger and demand the loan repaid and force Harte into bankruptcy protection at which point Appian through one of its subsidiaries will purchase Harte for enough money to pay off the BNP loan and Harte belongs to Scherb. Egg on his face. ?
Comment by
Homestone on Nov 19, 2021 5:35am
You misunderstood me Red.Read my post again.I said I'm sure M Scherb doesn't like egg on his face.Like I said previously I'm of the opinion that Appian is looking to get full control.One way or another.Have a great day.
Comment by
RedBaron1234567 on Nov 19, 2021 8:47am
I think they already have full control of harte's destiny Appian will purchase the assets and not the shares the only obstacle is BNP and that's the only matter that is being worked hence BNP's willingness to contribute another 2M
Comment by
tonyturbo on Nov 19, 2021 10:15am
Hey Red, what if they could pry the other 500 million shares out of the holders hands at .02 this could go on forever
Comment by
RedBaron1234567 on Nov 19, 2021 11:18am
Maybe so Tony And if in fact Appian is accumulating shares at 0.02 this would make me extremely happy because I haven't sold a single share This would be a good outcome for longs