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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Naked Shorting coach
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May 17, 2011 11:43AM
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May 17, 2011 12:26PM

Heres an idea...de-list from the exchanges, and take the company private.

Announce the valuation of the company, and base the conversion from public listed shares to private shares at a value equal to a "snapshot" valuation (like an Argoz valuation per share...thanks again Argoz). All to apply on a date not too far in the future, so as to allow shorty to cover some, but not all of the shorts.

Investors would be issued a certificate of partial ownership based upon the company valuation, or the closing share price, whichever is highest.

Then go after, and sue the crap out of all fail to delivers, including damages for all past offenses.

Should anyone want more, or to sell in future, the company could maintain a listing of interested buyers and sellers. You cut your own deal with one of them.

Sounds pretty simple in concept, but I am sure in practice it would look quite different, and be considerably more complex to set up.

Price discovery will always find a way, just like currencies are trying to do. The crap will sink, and the pure silver will fly.

I look forward to all your comments on the private company concept. Imagina a whole slew of JPMs doing this...LOL

N

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