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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: Re: Possible "misdirection"
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Possible "misdirection"
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Le Penseur
Apr 26, 2010 01:28PM
Re: Possible "misdirection"
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Laura Brown
Apr 26, 2010 01:51PM

I've thought about this scenario, and the only way that they could do it without CLF gaining a 19.9% interest in the new company would be to spin the property off into a new company as an IPO, and have the new company pay cash back to current stockholders. This would be ugly to determine a fair value, to say the least.

But, I could be wrong. I major in military electronics and communications, not accounting and SEC rules :)

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