Wednesday, May 31, 2017 10:25:28 AM
Other OTC - Other OTC Delayed Price. Currency in USD
0.000.00 (0.00%)
As of May 11 3:36PM EDT. Market open
Interactive chart
Previous Close 0.000001
Open 0.000000
Bid 0.00 x
Ask 0.00 x
Day's Range 0.00 - 0.00
52 Week Range
The following letter from Mr. Jacobs is herein under paraphrased:
"In lieu of the fact that you have decided not to accept our buyout offer of $0.15 per share, the board and I are deliberating the possibility of increasing our buyout offer. The 2011 projected earnings of Cotton and Western, the recent acquisition of the additional mine and the rising iron prices add significant value to your company. The board and I believe that a potential buyout in the range of $0.18 per share may be warranted. We are reviewing a number of investment opportunities as we continue to diversify in the small-cap arena. Nevertheless, we hope to consummate a deal in the coming days with your company. Information regarding where shareholders may tender their shares will be provided at the appropriate time, once an official offer has been approved by all parties."
Sincerely,
Michael Jacobs
CEO
Imo. I also am not a financial adviser nor compensated for my posts.
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