JJMkay...For the sake of not flooding the board wi
Post# of 11038
Posted On: 09/23/2015 1:29:13 PM
JJMkay...For the sake of not flooding the board with my responses, here is a summary to your comments:
"You are buying air shares.....helping CRGP shorts get out."
That is factually incorrect. Air shares are naked shorts, meaning THEY HAVE TO COVER. Should we be selling we would be helping them out.
"We no longer own shares in CRGP, they are now Milagors shares." "I would imagine cut-off date for the Nobo list is September 10. Whoever was foolish enough to buy after that date will most likely not have them rolled into Milagros shares." Stop imagining and start researching IMHO. The transfer agent/DTCC would need to exchange shares and if there are other outstanding shares, he/it won't be able to distribute as there are not enough certs. Also, since shares are still traded, suppose a person had shares on the 10th and sold on the 11th. This person made a profit by selling those shares. Do you see the problem? That is why what you propose cannot occur.
"Our CRGP shares simply get rolled into Milagros, what the ratio is is yet to be determined....probably after everything is consolidated on October 1." Im glad we agree on something, October 1. To me, IMHO this is when merger will be approved and more than likely when it will show up on FINRA in order for the company to delist.
"You are buying air shares.....helping CRGP shorts get out."
That is factually incorrect. Air shares are naked shorts, meaning THEY HAVE TO COVER. Should we be selling we would be helping them out.
"We no longer own shares in CRGP, they are now Milagors shares." "I would imagine cut-off date for the Nobo list is September 10. Whoever was foolish enough to buy after that date will most likely not have them rolled into Milagros shares." Stop imagining and start researching IMHO. The transfer agent/DTCC would need to exchange shares and if there are other outstanding shares, he/it won't be able to distribute as there are not enough certs. Also, since shares are still traded, suppose a person had shares on the 10th and sold on the 11th. This person made a profit by selling those shares. Do you see the problem? That is why what you propose cannot occur.
"Our CRGP shares simply get rolled into Milagros, what the ratio is is yet to be determined....probably after everything is consolidated on October 1." Im glad we agree on something, October 1. To me, IMHO this is when merger will be approved and more than likely when it will show up on FINRA in order for the company to delist.
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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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