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Bullboard - Stock Discussion Forum American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is... see more

TSXV:AMK - Post Discussion

American Creek Resources Ltd > Deal won’t fail
View:
Post by curtis111 on Jan 22, 2025 3:44pm

Deal won’t fail

Let's say this deal is a scam and doesn't go through, call it what you want - a manufactured liquidity event, fraud, whatever you want to call it. 

If this is the case at the conclusion of this both companies are dead (well Cunningham for sure and AMK completely loses shareholder confidence and price plunges back to mid to low single digets) 

scenario 1 

management is in a back door arrangement with Cunningham and is to receive large payouts from the financings of the Nugget Trap. This assumes they don't care obout AMK as a company and are going to basically walk away. All management fired and market trust is destroyed forever. Stinger is also done at that point. These guys are taking large salaries from these companies so it would seem that for that to be the case the backdoor deal with Cunningham would have to be pretty sweet. They would also be losing out on millions in warrants that are to be paid out to management once this deal is closed. We haven't seen any insider sales at any level, including Sprott who has to be in the know of inner workings at all time I would assume. 

Scenario 2

Gross negligence on behalf of AMK management entering into this agreement. This would mean due diligence wasn't done and management allowed us all to be strung along without holding the other party accountable. Spent company money eroneously on fees for completion without proper fidiciary duty to ensure the best interests of shareholders were considered. This also ends in complete loss of market trust and management loses not only warrants negotiated in the deal, but a share price left in single digets at best without the ability to obtain future financings except for further share dilution which would just sink the stock lower with lack of market confidence in the company.

Both of these scenarios are the destruction of the company and the loss of millions and millions for management. With no insider trading reported the management team has essentially lost everything. 

The other option is the deal goes through and we get paid our .43 cents a share. It's simple, destruction of management and AMK and the ability for them to ever work in this sector again, lost relationships with such investors as Eric Sprott who surely would not want to be associated with such a public failure. 

The pressure is on management to bring this to a successful conclusion or risk complete financial failure. No other way out of this one for them. 


I'm not saying I'm right, hate waiting for this to close, but I am confident this deal closes.

Comment by Larry60 on Jan 22, 2025 4:24pm
Curtis, Im not gonna speculate as to why AMK board did what they did.  I am willing to say that I think they were wrong in stating that financing requirement for deal was met , entering definitive agreement with no money in place, delaying circular and vote, and extending Outsdide Date with no proof of financing from what I can see.  You laid out some rough scenarios, and that is your ...more  
Comment by fordster on Jan 22, 2025 9:02pm
Damned impressive and dead on Curtis! Thanks for that!