Cline Mining Corporation T.CMK

How they steal your money

[bond46]

You may wonder how the system the way is set up steals your money.Here is how: While the rights issue may seem to protect you against this massive dilution that will take place shortly, the time period to exercise those rights will be short. So unless you have out of pocket money to buy the extra shares at 2cent/sh, in that time period that will be set in the "prospectus" to be issued, you lose that right. The price of the stock  is too low to sell some and use the proceeds to buy new shares at 2cents. And the question is how many of the small investors have the extra cash to exercise these rights? Not many. So the big boys with the cash will scoop up all the shares that these righst give them the right to. At the same time you should notice that one of these big boys is Bates himself with his 1.8million shares. That would entitle him to buy 15million shares at 2cents a share. And would cost him $300k. Now, with his fat salary from Cline, he can afford to buy those shares and own a total of 15million+1.8million= 17million shares. Notice also that the money for his salary comes from issuing bonds to Marret, last time the issue was $2million. The company generates no revenues. So dilution or no dilution Bates is protected since he has the cash to exercise the rights. But what about the retail investor? Tough luck he would say.And since the small investors can not afford the extra cash to exercise these rights and buy the shares at 2 cents, because of the massive dilution, their shares would be worthless. And it's my strong suspicion Bates wanted it that way to go on restructuring, issue rights, and wipe off all the small investors. The man hates himself and he probably hates everybody else, all losers do. And you're telling me that this man should not be charged with crimes against humanity. By the way, now it becomes apparent why the big boys were selling at 30 and 35cent six months ago because they had been likely tipped by the insiders that there was a restructuring in the offing and that rights would be issued. Now you know how the rich rig the system and if you think these guys would turn over the money to you, you had better think again. They will rob you naked and  leave you out in the cold.

[ark88]

Who knows whether Bates is the author of this or not. When it's all said and done, it's more probable that Bates is just not that sharp of a person as he has demonstrated in running this company to the ground.   May take on the Rights Plan is that it's Marret that is trying to pull a fast one on the little guy. As an owner of a company one assumes not only the assets but also the

[bond46]

What is the difference? Are not all these monkeys on the same boat? If these idiots show up at the AGM will have to answer some tough questions from the floor, not to say that they might be lynced by the shareholders.

[DoUthink]

You seem to have all the question covered but you fail to supply any solutions to the travesty befalling the little guys. Why is that ? Are you a ( little guy ) small share holder ,or are you a  wolf in sheeps clothing ( big guy ) leading us to the slaughter ???? . Or are you not a share holder at all & are having fun at our expence, please advise.  

[bond46]

Nobody is leading anybody to the slaughter here. I have a big stake in this company and I am in a loss position. I had to average down to 20cent cost base over the years, if that interests you, but you should look at the facts as they evolve, and you seem to have the cystal ball advising post factum what we should have done 3 years ago, that is a consolation. What this management have done is