HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Noront holds a lot of kwg shares
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Noront holds a lot of kwg shares
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goodheart-r
Jun 27, 2016 06:39PM
Re: Noront holds a lot of kwg shares
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Fossil
Jun 27, 2016 07:28PM
Re: Noront holds a lot of kwg shares
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Edgy
Jun 28, 2016 06:12AM
Re: Noront holds a lot of kwg shares
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goodheart-r
Jun 29, 2016 06:52PM

goodheart-r.........without passing a judgement on the merit of F. Smeenk's

proposal i believe that it can not fly as structured. Why?

Because of back and forth conversion feature.

KWG now trades in one half of a cent increments. For conversion from Multi voting

share back to single vote share it would need to trade in three hundreds of a cent

increments. If KWG is at $ 12 or $ 9.00 or even $ 7.50 it would be easy to go back

to single vote share. They would end up at 4 or 3 or even 2.5 cents. But what a

nightmare for brockers if investor decides to convert back when Multi Shares are

trading at $8.XX or $ 10.XX or some other odd value. Today's computers are not

even set up for that. I firmly think that would not be allowed.

Best of luck to all ROF investors.

Fossil

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