Posted On: 10/06/2015 7:09:27 PM
Post# of 11038
"In the interest of providing full and fair notice and opportunity to be heard to all parties, namely the Calissio shareholders, that may be affected by the appointment of the Receiver and the subsequent post-payable adjustments by DTCC, COR Clearing, with the endorsement and full cooperation of DTCC, proposes a process by which all parties who may be affected are given notice of the appointment of the Receiver and given a chance to be heard before this Court enters the order appointing the Receiver."
"COR Clearing thus proposes the following procedure: (1) this Court first issues an order that COR Clearing issue notice to the Affected Parties of the plan to appoint a Receiver, to which the Affected Parties may file a response within seven (7) court days; COR Clearing is then given seven (7) court days to reply to any such response; and the Court may conduct a hearing not more than 10 days after that for all Affected Parties and COR Clearing to be heard; and (2) after this period, the Court may issue the order appointing the Receiver.
For the reasons below, the appointment of a Receiver is necessary to ensure that Calissio and others are not unjustly enriched. The notice procedures set out in this section will ensure that all Affected Parties are assured a fair and adequate opportunity to be heard."
Guess its time for us to get letters or an attorney ready..
"COR Clearing thus proposes the following procedure: (1) this Court first issues an order that COR Clearing issue notice to the Affected Parties of the plan to appoint a Receiver, to which the Affected Parties may file a response within seven (7) court days; COR Clearing is then given seven (7) court days to reply to any such response; and the Court may conduct a hearing not more than 10 days after that for all Affected Parties and COR Clearing to be heard; and (2) after this period, the Court may issue the order appointing the Receiver.
For the reasons below, the appointment of a Receiver is necessary to ensure that Calissio and others are not unjustly enriched. The notice procedures set out in this section will ensure that all Affected Parties are assured a fair and adequate opportunity to be heard."
Guess its time for us to get letters or an attorney ready..
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PLEASE READ IF YOU READ MY POSTS
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
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