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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Atlantic Coal Share Chat (ATC)



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Share Discussion for Atlantic Coal




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Digit4lis
Posts: 167
Opinion:No Opinion
Price:0.00
RE: Confirmation Statement needed ...
25 May '19
Thanks,that is very plausible and I can’t hear the fat lady yet......
 
kentan
Posts: 633
Opinion:Hold
Price:0.00
RE: Confirmation Statement needed ...
25 May '19
They would probably have been transferred to an existing shareholder for an agreed price, therefore, to keep control and stop them from getting into the wrong hands. You can see the dates and amounts on the CS01 against each shareholder when their holdings were lowered, but not when they were raised, which would have been a clue as to who benefited from them.
We also need to see what incentive package was offered to Seth Schwartz, it must be quite lucrative and may be dependent on getting the stock listed.

It must be that Adam Wilson, Stephen Best (look at his Mayford Equities mammoth reduction in shares), Peter Shea & Co. (via nominees) have equity worth many $millions in ACG that will only be fully realised once the company comes back to market, with a distinct possibility of dividends in the future from rising profits and expansion.

For this to have got so close to the RTO and stalled at the 11th hour, there has to be another attempt to re-float that will appease the miners on the board.... it is a bit like the Brexit debacle, almost but not quite, so the person(s) in charge resigns (Best & Wilson/Theresa May) and a new person put in the box seat (Seth Schwartz/TBA) to get it through.
It would be nice to see my holding showing better than the current nominal value in my portfolio.
Digit4lis
Posts: 167
Opinion:No Opinion
Price:0.00
RE: Confirmation Statement needed ...
25 May '19
Hi Kentan,I’m finding it difficult to see how any shareholders could reduce/increase their holdings since de listing?......matched bargain maybe if you needed to switch some stock but openly sell is nigh on impossible and pointless as the agreed price would be based on old fact/figures so not viable certainly not a profitable
Transferring stock yea maybe but no value could be attributed to the transaction only an amount of stock
Happy for any explanation
kentan
Posts: 633
Opinion:Hold
Price:0.00
Confirmation Statement needed ...
25 May '19
With the recent board changes, we are in need of an updated shareholder check to see if any of the Directors who stepped down are still invested in ACG.
It was apparent from the last CS01 published in December 2018, that Stephen Best has reduced his holding to zero with a tranche sells over the preceding year, the same appears to have happened for his wife Catherine Mary Best (also as Katherine) who also reduced her holding, but remained a significant holder. Also, family members were still shown invested with Best's daughter Lucy having married, her holdings were recorded in her new married name.

Best & Wilson, although they are no longer Directors they still maintain an element of control whilst they are shareholders.... it is important that we know who has significant control so that the new BOD can guide the company to future expansion and raise the necessary funding, be it by a refloatation or other means, to realise the increased value




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