Soup I have a lot at stake in HGLC but just listen to what I have to say. If St. James is the Financial Group that made the offer to HGLC for .025 cents per share and It clearly states from Fridays PR that FFGO will cooperate with the Financial Group on the takeover:
"Furthermore they have come to an agreement with Fortress Financial Group, Inc. who has undertaken not to dispose of any its "free trading" shares in your Company; and to co-operate with the Private Equity Group in their takeover bid for this Company. Fortress Financial Group, Inc. served notice to this effect upon your Company at 10h00 EST this morning".
Soup who is this takeover going to get hostile with? Why would FFGO buy more shares on the open market if it has an agreement in place with the Financial Group? Do you really think FFGO is going to cut their own throats and use the 50 mil to buy more shares on the open market despite their agreement, maybe? If another Investor offers FFGO a better deal for HGLC's shares which could make for a bidding war private for the shares FFGO holds, and open if FFGO renigs on their deal and begins buying Monday.
"The Private Equity Group, together with Fortress Financial Group, Inc. have now rendered the 51% voting control given to certain Investment Groups null and void and have effectively raised the stakes in what may, or not become a bidding war for this Company; this is entirely dependent upon any other serious offers for your Company".
So who buys on the open market Monday? Does FFGO look out for them and use the 50 mil to buy more shares to solidify their standing?
"It seems extremely likely that this Private Equity Group wishes to acquire 100% of the Company and to then merge it with another Gold Company already under their control".
Does the Private Equity Group buy more shares to try and gain 100% control of HGLC? (I think this scenario is a given.)
Does HGLC try and save their company and buy shares with the 50mil they have or a least make a last ditch effort to make a few more buck on the buyout?
Or does HGLC have another offer in place, and is this new INVESTOR going to try and buy shares on Monday?
"The Board of Directors has been contacted by stockholders who wish to remain as long-term stockholders in this Company, and have no desire to sell their stockholdings at US$0.025 per share to the Private Equity Group. Based upon these facts, the Board urges stockholders to exercise caution in their dealings until such time as we are able to provide them with an accurate valuation of this Company's assets".
We shall see what happens on Monday!!!!!!!!!!!
Let me know what you folks think.
Thanks
