Explor Resources Inc. (fka EXSFF)

[gharma]

try the original for a real arggggghhhhhh !
any more simplified and the facts would not imo be captured

as I once stated to the board

I do not see much if any protection from this plan except against a Flip-in event

and

I would really enjoy hearing view of anyone that has taken the time to try to understand the convoluted writing of the plan

It is mainly the first few at 2.x, 2.3 if I recall, and 3.1 plus the definitions section that one needs to focus on.

There is very much that deals with how the board can adjust stuff, but most seemed to me either mathematically fair adjustment to events or else required shareholder approval, and there is also clauses about what happens if this or that, such as a split and again this all seemed to me to be mathematically reasonable.

Again, I would enjoy hearing anyone else that has formed an opinion on this plan.