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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Insider JOE DWEK sells 37 Million shares !!!!!
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"Am I correct in saying:

  • only 2/3 of shares voted 'yes' needed for the merger (not total outstanding). Correct!
  • shares tendered to Cliff's offer are not allowed to vote at the meeting. I believe they are given that they are recorded June 4th or before. But Cliffs need a proxy to vote them.
  • Cliffs wants those shareholders who have tendered shares to submit a special Yellow Proxy allowing them to vote those 'tendered' shares against the merger." Id.

Your guess on the outcoming news release? (Hard to tell, isn't it?)

GLTA.

BaBe.

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