"An answer to think about" jseps0036 Wednesda
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Posted On: 07/21/2021 12:49:06 AM
"An answer to think about"
jseps0036 Wednesday, 07/21/21 12:45:18 AM
Re: onehundredmph post# 50881 0
Post #
50882
of 50882
If this is going private, a buyout price to acquire all the shares outstanding will have to be tendered. This would typically require a shareholder vote to agree to the buyout price. With CRGP there would need to be an accurate accounting of the actual shares outstanding before an offer could even be tendered.
Given Calissio’s final PR suggesting that they were going private back in 2015, there is also the possibility that it actually completed this transaction and is going public again OR doing a reverse merger using the CRGP shell.
Literally any of these options will result in a substantial increase in share price considering the market cap is barely over 5M if using the OTCM figure of 800M shares outstanding. If there is even a sliver of a rumor that there is a viable business here, it will minimum 10x from here.
https://investorshub.advfn.com/boards/read_ms...=165019720
https://www.prnewswire.com/news-releases/cali...40717.html
Calissio Announces Closing of "Going Private" Transaction
NEWS PROVIDED BY
Calissio Resources Group, Inc.
Sep 10, 2015, 08:30 ET
LAS VEGAS, Sept. 10, 2015 /PRNewswire/ -- Calissio Resources Group, Inc. ("Company", "Calissio"
(OTC: CRGP) announced today the Company's shareholders voted in favor of the proposal to authorize and approve the previously signed agreement and plan of merger (the "merger agreement" dated August 31, 2015 and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. Immediately after the completion of the merger, Milagros Del Cobre Mineria S.A. de C.V. will own Calissio.
The parties currently expect to complete the merger immediately, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the merger, the Company will become a privately held company and its shares will no longer be listed on the OTC Markets.
Personal Message from Chief Executive Officer & President, Adam Carter
"We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions. We wish to step away from the public markets, which have only put financial pressure on the Company with no guaranteed end; and instead point our efforts on growing and generating more revenue.
"I would also like to pass on some information that we are working on. In addition to our existing copper mines, we are looking to expand into gold mineral exploration. The merger with Milagros Del Cobre Mineria S.A. DE C.V. has created an excellent opportunity for old and new investors to capitalize on our growth. I encourage investors interested in receiving an investment proposal to contact us immediately."
$13
$CRGP
jseps0036 Wednesday, 07/21/21 12:45:18 AM
Re: onehundredmph post# 50881 0
Post #
50882
of 50882
If this is going private, a buyout price to acquire all the shares outstanding will have to be tendered. This would typically require a shareholder vote to agree to the buyout price. With CRGP there would need to be an accurate accounting of the actual shares outstanding before an offer could even be tendered.
Given Calissio’s final PR suggesting that they were going private back in 2015, there is also the possibility that it actually completed this transaction and is going public again OR doing a reverse merger using the CRGP shell.
Literally any of these options will result in a substantial increase in share price considering the market cap is barely over 5M if using the OTCM figure of 800M shares outstanding. If there is even a sliver of a rumor that there is a viable business here, it will minimum 10x from here.
https://investorshub.advfn.com/boards/read_ms...=165019720
https://www.prnewswire.com/news-releases/cali...40717.html
Calissio Announces Closing of "Going Private" Transaction
NEWS PROVIDED BY
Calissio Resources Group, Inc.
Sep 10, 2015, 08:30 ET
LAS VEGAS, Sept. 10, 2015 /PRNewswire/ -- Calissio Resources Group, Inc. ("Company", "Calissio"
(OTC: CRGP) announced today the Company's shareholders voted in favor of the proposal to authorize and approve the previously signed agreement and plan of merger (the "merger agreement" dated August 31, 2015 and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. Immediately after the completion of the merger, Milagros Del Cobre Mineria S.A. de C.V. will own Calissio. The parties currently expect to complete the merger immediately, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the merger, the Company will become a privately held company and its shares will no longer be listed on the OTC Markets.
Personal Message from Chief Executive Officer & President, Adam Carter
Quote:
"Before considering this decision, every possibility was explored. Due to the stock price and delisting to the Grey Market, the board of directors saw no alternative but to execute this course of action.
"We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions. We wish to step away from the public markets, which have only put financial pressure on the Company with no guaranteed end; and instead point our efforts on growing and generating more revenue.
"I would also like to pass on some information that we are working on. In addition to our existing copper mines, we are looking to expand into gold mineral exploration. The merger with Milagros Del Cobre Mineria S.A. DE C.V. has created an excellent opportunity for old and new investors to capitalize on our growth. I encourage investors interested in receiving an investment proposal to contact us immediately."
$13
$CRGP
(0)
(0)Calissio Resources Group, Inc. (CRGP) Stock Research Links
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"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
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Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/
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