COR claims are dumb: For example.... Nobilisâ€
Post# of 11038
Posted On: 08/29/2015 12:46:35 PM
COR claims are dumb:
For example.... Nobilis—and thus COR Clearing, who stood in the shoes of Nobilis for the sale to Calissio—sold its shares of Calissio stock back to Calissio for a lower price than it otherwise would have, relying on its reasonable and correct belief that these shares were not eligible for dividends. This is evidenced by the fact that the net proceeds for the sale of shares were only $700,000, while the dividends were over $3.3 million.
Prior to that, they had a note receivable so as far as I'm concerned this was not an "injustice". Hell, Nobilis received 327m shares (a note equivalent to 327k) which it sold for 700k, what is the injustice there again?
25% rule, got to learn the rules of the game COR.
For example.... Nobilis—and thus COR Clearing, who stood in the shoes of Nobilis for the sale to Calissio—sold its shares of Calissio stock back to Calissio for a lower price than it otherwise would have, relying on its reasonable and correct belief that these shares were not eligible for dividends. This is evidenced by the fact that the net proceeds for the sale of shares were only $700,000, while the dividends were over $3.3 million.
Prior to that, they had a note receivable so as far as I'm concerned this was not an "injustice". Hell, Nobilis received 327m shares (a note equivalent to 327k) which it sold for 700k, what is the injustice there again?
25% rule, got to learn the rules of the game COR.
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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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