They are effectively taking Mabwe private and renaming it to Bulldog Minerals & Metals. They say financing options are more favorable, anyone with half a brain or any experience knows what that really means is they were told in the public sector that there is not a shot in hell anyone is going to give them a dime because of the crap show they are running. The only ones mgmt has been able to fool is their investors.
private bulldog will not issue dividends. Whoever made up that lie is comical, they have no money and never will because they have no mine. Here is the sad part for investors, once private they will have zero liquidity, the only offer they could get will be from a private investor and it will be hugely discounted, think half or 75% lower than the current price. All they need is the majority to agree to the terms, aka managements share count has that, so all of the retail holders on this board are screwed and have to accept those terms. If they don't, the deal still goes through and those that didn't accept the terms are left completely empty handed.
So, the one real option left is to sell while still public, once private it's over, for anyone thinking that private will help them needs to seriously do some research and understand what is happening and stop listening to the cheerleaders, those people have no clue as to what is going on and haven't for the past 2 years which is why they are stuck.
