I agree completely. This is what I'm thinking: If
Post# of 11038
Posted On: 08/29/2015 12:06:32 PM
I agree completely. This is what I'm thinking: If COR wasn't short then CRGP will return the funds that COR paid to CRGP, as there is no reason COR in theory would have to pay a due bill. In that case CRGP would have had to pay the dividend but since those repurchased shares, no dividend is due.
On the other hand if COR was short, while many think his will settle out of court, a swift resolution depends on how many shares CRGP repurchased out of conversions. These are my estimates: 400m in conversions minus the total buyback shares reported in buyback less an additional 30m in share repurchases for the last week, equals 210m shares (would make sense as it relates to trading volume). If indeed COR was short, COR effectively paid 1.9m to CRGP. A "fair" settlement would be to return say 1m to COR for its stupidity/greed and to use to cover its shorts and put this ridiculous pleading to rest (go away). If there were additional conversions, that would make this matter more complicated. COR would be stupid not to accept this offer, because there is absolutely no way they have a chance in court.
On the other hand if COR was short, while many think his will settle out of court, a swift resolution depends on how many shares CRGP repurchased out of conversions. These are my estimates: 400m in conversions minus the total buyback shares reported in buyback less an additional 30m in share repurchases for the last week, equals 210m shares (would make sense as it relates to trading volume). If indeed COR was short, COR effectively paid 1.9m to CRGP. A "fair" settlement would be to return say 1m to COR for its stupidity/greed and to use to cover its shorts and put this ridiculous pleading to rest (go away). If there were additional conversions, that would make this matter more complicated. COR would be stupid not to accept this offer, because there is absolutely no way they have a chance in court.
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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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