IMHO you are correct about the first part.. The di
Post# of 11038
Posted On: 12/09/2015 12:51:22 PM
IMHO you are correct about the first part.. The discovery extension is not to bring a case against SST however but rather go after someone else (whoever this third party is).
Again IMHO, the only other party this could be are its clients or as they mentioned in one of their filings those that had purchased on behalf of the company (which I assume is pure speculation and honestly I doubt they will be able to make a case against if they exist). They continue with litigation because they don't want to take a 4m hit, but I don't think their intent is to show others dirty laundry, unless it will get them the 4m back. That is a dangerous game to play and unless an action is brought against this other unnamed third party, they can forget about the 4 million. The only reason they are going with discovery is they are looking for their next victim now that shareholders did not break.
ALL IMHO
Again IMHO, the only other party this could be are its clients or as they mentioned in one of their filings those that had purchased on behalf of the company (which I assume is pure speculation and honestly I doubt they will be able to make a case against if they exist). They continue with litigation because they don't want to take a 4m hit, but I don't think their intent is to show others dirty laundry, unless it will get them the 4m back. That is a dangerous game to play and unless an action is brought against this other unnamed third party, they can forget about the 4 million. The only reason they are going with discovery is they are looking for their next victim now that shareholders did not break.
ALL IMHO
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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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