Iron Brdg Res Inc. OEXFF

30%

[radcat]

While having 30% of shareholders including institutional are currently not in favour of this deal, management can't really do much to prevent it from happening. Not unless they plan to start buying up 20%+ themselves. If not, maybe a white night will show up and offer a better price which management could then sway the 30% to approve a better deal. TBD.

[ditchdigger251]

I think there are many longs, me included, that push the 30% number well in excess of 50% of the total outstanding share float.  No deal will fly unless the expectation of a fair appropriately priced offer - much higher than the current market price - is met.  I've been through this with IAE where shareholders got screwed by the biggest insider, the Delek Group.  The difference

[Leducnumber1]

My two colleagues and I own 1.8 million shares and we are long.  This offer stinks.  Now there are just rumors but does anyone know if this could be true.  The CEO of Velvet was on the board of RMP, RMP was going to buy more land a Goldcreek, Velvet stepped in and scopped it. Now it looks like the stock has been kept low and Velvet is trying to steal it for their shareholders. This

[radcat]

Then investors like me are hoping guys like yourselves will refuse this opportunistic takeover for mere chump change. I do not come anywhere close to being part owner of 1.8 million shares investment consortium, so my shares won't mean much in the larger scheme of things. Like most long investors, I'm tired of being swindled out of good investments by companies like Velvet, especially

[BuddieFox]

This post has been removed in accordance with Community Policy

[BigFishy]

Velvet needs 66.6% in favor. You have 30% already saying no. So you need near all of the remaining shares. Zero chance of this happening. 

[Jonesing]

volume drying up today also shows that most investors don't think this bs 0.75c bid is any good. IMO they already have 50 plus percent not wanting this krp deal.

[JDavis17]

You know, it always amazes me that people that have been around as long as you still don't bother to read press releases. Velvet needs 2/3rds of IBR shareholders to agree, not 50% Stupidity is always frustrating

[radcat]

Up your bum you knob!