Posted On: 11/02/2015 3:53:21 PM
Post# of 11040
The Court can take many actions. While it will wait until after CORs reply (due on Thurs I believe), the Court will IMHO make a determination soon after (before DTCC deadline). This can include several things:
1) Notice to shareholders and a deadline to submit objections.
2) Appoint receiver with some specific instructions to report back for example prior to initiating any adjustments (detailed accounting, etc).
3) Appoint receiver.
4) Deny receiver.
I expect decision mid next week. It could be any or a combination. 1 and 2 will likely push this past the DTCC deadline. Based on TDAs filing 4 is a strong contender now IMHO.
1) Notice to shareholders and a deadline to submit objections.
2) Appoint receiver with some specific instructions to report back for example prior to initiating any adjustments (detailed accounting, etc).
3) Appoint receiver.
4) Deny receiver.
I expect decision mid next week. It could be any or a combination. 1 and 2 will likely push this past the DTCC deadline. Based on TDAs filing 4 is a strong contender now IMHO.
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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.
