Re: WTG CMM Business Combination: The Future
in response to
by
posted on
Sep 22, 2011 08:54AM
Final Court order is this Friday. I would expect that following issuance of the final court order the articles of arrangement will be filed within a couple business days. It is probable that by next Friday or so CMM will be delisted and your shares/warrants/options will be converted to WTG instruments.
I agree with Carib's assessment as per my earlier repost. I too will not be selling CMM - I still believe that selling currently would be to sell at the bottom. We have been focussing alot on negative outcomes (i.e. RTO, SP suppression etc..) Rightly so...given what has transpired. However, that doesn't necessarily mean that this will continue. I don't see why this would continue if Mssr Finskiy is actually trying to build a mid-tier.
With the new WTG name - I would expect they will seize the opportunity to promote the resources and the future plans. I have to believe that the only way that Mssr Finskiy can polish up his name is to show that the business combination was the right thing to do. Intergeo will not be a successfuly IPO (if ever it does occur) without Finskiy showing some kind of positive track record.
I think we will see statements in upcoming NR's to the effect that "as a result of new capital infusion"..."analyst confidence in the future business plan"..."updated NI43-101 has vastly increased...as a result of robust computer modelling"..."flow through financing...drilling has identified high value targets..." etc.
Bear in mind we have had absolutely NO drilling results, no gold production updates, no BD, NW, LF etc updates.
I believe that some of the YES voting blocks were reminded of the above roll-out plans - you don't see much volume dumping.
Surely this would be the wisest way to procede for WTG management and Finskiy.