TYHEE GOLD CORP

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Message: Nay votes

I'm with the others here who hope we keep Puz, Hans and others engaged in this forum. As much as I would love to debate some on some deeply held views, I agree that this is not the right place for that kind of stuff. When you challenge somone on their deeply held views, like religion or national pride, it quickly gets out of hand.

Let's get back to discussion of Tyhee, shal we?

I read all the material that came with my voting proxies. I don't understand the bit about paying $0.0001 per Right (registered shareholders only). As I hold my shares in TD and RBC in Canada, I think I may be a non-registered shareholder. This means that my shares will not even get me my $5? I can live with that. It also means that one of those big shareholders, with say 68 million shares, gets $680. I would love to know if they are actually asking for this reward. In the big picture, the cost of mailing out the proxies and all the mechanics of the news release and actual vote etc. will cost a lot more than the $2,880 the company may pay out in Rights redemptions.

For those of you who did not get the details in the NOTICE OF SPECIAL MEETING, there are a few sentences that seem to shed more light on what is really going on. My read is that the increasing investment by Interinvest is the most likely course of action, up to and including a takeover or at least a dominant position which the Rights Plan would make more difficult for them.

From page 6:

"...The company believes that some of the financial alternatives that could be considered may involve the participation of existing shareholders, including Interinvest, who currently holds approximately 14% of the outstanding shares. While participation in such capital raising, including through the exercise of currently outstanding warrants held by such sharehodlers, would not trigger the separation of the Rights under the Rights Plan, subsequent purchases of securities could even though permitted under existing Canadian legislation applicable to take-over bids. In this context, the Board has determined that the Rights Plan could adversely affect the Company's ability to support its growth and believes that it is in the best interests of the Coimpany...to terminate the Rights Plan..."

This really makes me worry. It does not look like this is about being more open to other new money, but rather, only to make it possible for one company, Interinvest, to be more free to gobble up lots of shares in the next private placement and exercise of warrants. My worry, specifically, is that the share price will be kept down and more dillution will occur in some kind of creeping takeover with no competition for any other large investors actively being sought (as I think the RP would make more possible).

On the other hand, removal of the rights plan may actually bring some competitor in, driving up the share price.

Could someone please read the NOTICE in detail, and comment on whether a creeping takeover with low SP is going to be more likely, or whether the removal of this Rights Plan will be good for all of us.

SKELLIG

- By the way, regardless of my worries, I voted with Management. I still trust DW, even if the share price has failed to launch so far. Tyhee is not alone in this!

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