Replies to post #1560 on Electrum Special Acquisition Corp (fka ELECW)

[Smilin_B]

Yes, and according to the email from the proxy company, the special meeting has been canceled

[Smilin_B]

If you have any issues with the contents of the emails from yesterday morning, contact the senders of the emails

[Smilin_B]

The below emails were a direct response to my ONE question, although they provided more information than the ONE question I asked.

According to both emails, the ELECW warrants will be deemed valueless.

Whether or not the "additional" information NOT REQUESTED by me, should or should not have been stated buy both of these gentlemen, has nothing to do with me.

See below:


We have been informed that Electrum has decided not to go ahead with a Special Meeting to extend the life of the SPAC. As a result, Electrum will liquidate, thus the warrants will have no value once the liquidation happens. Attached is the SEC filing announcing the liquidation.


Morrow Sodali


Jerry MuchaChief Administrative Officer - US?

470 West Ave., Suite 3000, Stamford, CT 06902
T 203-658-9427
M 203-979-4268
[e-mail]

www.morrowsodali.com? ? ?NEW YORK | LONDON | SYDNEY | STAMFORD | BEIJING | JOHANNESBURG | MADRID | MEXICO CITY | PARIS | ROME | SAO PAULO



Sent: Monday, May 14, 2018 11:25 AM
To: ELEC.info<[e-mail]>
Subject: ELEC/ELECW proxy


Dear Morrows Sodali

This email is direct relationship to ELEC's special meeting of shareholders to be held to approve the proposed Extension Amendment, Trust Amendment, Director Proposal and Auditor Proposal.

There has been no mention of what becomes to ELEC's warrant issuances (ELECW) during the redemption process of the ELEC common shares. Will the warrants associated with ELEC contain any value or will they simply expire much like an option?

Please advise

*****************************************************


The ELEC special meeting has been cancelled. The 8K announcing Electrum’s liquidation is attached. Once the liquidation occurs the warrants will have no value.

Jerry Comer
Jerry ComerVice President - Proxy?

470 West Ave., Suite 3000, Stamford, CT 06902
T 203-658-9380
M 475-232-9820
[e-mail]

www.morrowsodali.com? ? ?NEW YORK | LONDON | SYDNEY | STAMFORD | BEIJING | JOHANNESBURG | MADRID | MEXICO CITY | PARIS | ROME | SAO PAULO


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[Smilin_B]

From ELEC's most recent 10Q filing:

The Company has until June 5, 2018 to consummate our initial Business Combination as described in Note 2 below. If we are unable to consummate our initial Business Combination within such time period, we will distribute the aggregate amount then on deposit in the Trust Account pro rata to our public shareholders by way of the redemption of their shares and will cease all operations except for the purposes of winding up of our affairs, as further described herein. In such event, our warrants will expire worthless

http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12676738&RcvdDate=4/9/2018&CoName=ELECTRUM%20SPECIAL%20ACQUISITION%20CORP&FormType=10-Q&View=html

[Smilin_B]

So what about the multitude of emails now being fielded by Morrows Sodali ?

Are you reading them?

There is no difference between the email response I received on Monday and those that are being received by warrant and shareholders on Tuesday, Wednesday and today - yet the company (ELEC) has not filed a formal filing with the SEC, nor am I even certain they are required to. That's not my area of expertise and not my concern.