Re: Margining and what my broker said
in response to
by
posted on
Jun 19, 2013 07:18AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Hi goodhearth-r. Now that you agree that you can find nothing harmful in the proposed capital reorganization (No reverse split, no dilution), you now speculate on what KWG may perhaps do in the future:
- "Kwg announces that more shares are needed to increase the float to increase avaliabilty of shares on the market, thus kwg releases more shares and creates dilution forcing the overall shareprice down..."
- "Kwg decides to call a special vote on a true reverse split to lower outstanding sharecount which will allow kwg the room to sell more shares on the market efectively diluting the shareprice..."
I do not see any argument in those imaginative scenarios since both are already available and can happen every single day of a company's life, and not only for KWG, but for every single corporation on Earth. The thing is that the two dreaded events do require a 66 2/3 % shareholders approval (if not 75%) as it does, in fact, for the present capital reorganization proposal...
So what is your agenda? I cannot get it. Really. I dare to believe that status quo is not the best scenario here. Staying idle at 4 cents staring at Cliffs back and forth dancing is kind of dull, don't you think? I hope that Frank Smeenk's unprecedented and ingenious proposal will pass. Sometimes, we need creative men with creative ideas...
GLTA.