Replies to post #33185 on Calissio Resources Group Inc (CRGP)

[MR.METICULOUS]

It sounds like, if they don't there will be many lawsuits to deal with...

Mine are for sale for .011

[frans]

yes only on the real value

[Stock_God]

Pretty sure that means that all common shares become worthless :(

[stockdarockk]

There will be some sort of purchase. However, if they plan to still make money and get enough voting power, which most make sure they always hold, then most regular shareholders usually get paid out very cheap. Because they remove the regular shareholder from out voting them. Since they hold voting power, they will make a very low ball offer, because they believe they can make it up in revenues in the private sector over time. But they cant just erase shareholder shares.

Now the problem here is they made this announcement after this company went to the greys and lost the bulk of its value already. So any buyout of shares is going to be very little. If too little, the only option shareholders have is to band together and file a suit against them for fair value. That will cost and has no guarantees. Plus will take time. But if enough large shareholders who lost big get together, even a small percentage increase could mean a lot to them.

Guys get your buy orders off the table. Because they can not pay new shareholders who buy after the announcement. Take the little you get and chalk this up to the OTC risks. Dont expect major protections on the loosest regulatory exchange. Heres where the saying "never invest more than you are willing to lose in smallcaps" comes into play. Sux, but is what it is. But good gosh dont buy more.

http://www.investopedia.com/ask/answers/05/publictoprivate.asp

[power_forward]

It means CRGP shares no longer exist, public shareholders have nothing now

[janice shell]

So what does this mean for shareholders?

For an answer to that question, we'd have to see a copy of that supposed merger agreement signed 31 August. The one they somehow forgot to mention till now.

And which probably didn't exist as of 31 August.