- Conclusions

In order to complete a shareholder squeeze out and going private transaction, the company is set to default on pro-forma filings. The default is also pro-forma. But there's no sugar-coating this coprophagic breakfast.

GBN.V. can't conduct an amalgamation squeeze out unless they amalgamate with another Saskatchewan based company. The shareholders were physically squeezed out during the no-bid period, after having declared a reverse split, and never carrying it out.

So they will contort the law to accomplish their business combination with Lincoln Mining, which appears to be the direction taken. They are also attempting to preclude any bid for the company and keep competitors out.

They absolutely cannot allow the company to go bankrupt, having already spent approx. $300m., since a buyer is likely to appear for the company as a distressed property as soon as they do so.

They can also use the interval over the weekend to get as creative as possible with their filings before posting to SEDAR.

What this means as a beneficial shareholder would mean that you need to be in the top 50 shareholders, and can ride out a possible reverse split. My contention would be that you need at least as many shares as the principals have options. (1m. +) You would also have to compare with the insider record of Lincoln Mining. As you can see, the risks are now very apparent, if they're not purposely exaggerated.

Netoltizky is primarily dedicated to the illusion of control rather than making money and running a legitimate business.

-F6