Replies to post #53060 on Niocorp Developments Ltd (NB)

[PutzMueler]

I delved into the poison pill issue a long time ago because it concerns me as well. And what I found out is, it’s very rare nowadays for a hostile takeover to emerge because there are so many new legislative rules protecting companies and shareholders

I posted a couple of links on the subject along time ago but I’m afraid I would not be able to find those same links again

[bigal9999]

The record date for voting in this year's annual meeting was September 12th, so too late to buy shares to vote in the annual meeting this year.

Also, IMO, it would be nearly impossible to buy half the shares at current prices. You just aren't going to find enough sellers at this price.

Big Al

[Landmark8211111]

MB, some of the numbers you referenced may be outdated:

The principal shareholders are laid out below:


Amount and Nature of Beneficial Ownership
(1) Percent of Common Shares
Mark A. Smith, PE, Esq
Highlands Ranch, Colorado, USA
President, Chief Executive Officer and Chairman 21,410,445 (2) 9.04 %

Neal Shah
Superior, Colorado, USA
Chief Financial Officer 1,279,500 (3) 0.54 %

Scott Honan
Centennial, Colorado, USA
Vice President, Business Development 1,505,000 (4) 0.64 %

Jim Sims
Golden Colorado, USA
Vice-President, External Affairs 1,383,419 (5) 0.59 %

Joseph A. Carrabba
Key Largo, Florida, USA
Lead Director 1,262,500 (6) 0.54 %

Michael Morris
San Luis Obispo, California, USA
Director 1,105,250 (7) 0.47 %

David C. Beling
Grand Junction, Colorado, USA
Director 1,300,000 (8) 0.55 %

Anna Castner Wightman
Omaha, Nebraska, USA
Director 1,152,000 (9) 0.49 %

Niles Guerrero-Mahon
Brighton, Colorado, USA
Director 650,000 (10) 0.28 %

All current directors, executive officers and named executive officers as a group (10 persons) 32,860,066 13.31 %


SEC filing:

https://email.seekingalpha.com/filing/4639988/track?type=click&mailingid=4639988&messageid=2950&databaseid=&serial=2950O4639988O1568925192533.0.96f707735ea383519913f54c2bf5095b&emailid=36959366&userid=36959366&extra=&&&3000&&&https://seekingalpha.com/account/email_auth?auth_param=137t46:1eo7pgc:0be1f636cab1bad4906404af967e40a2&ref=%2Ffiling%2F4639988%3Fsource%3Demail_rt_filing_headline

[Landmark8211111]

Middleborder, I believe your concern would most definitely be a question that Jim Sims could clarify for you, if you sent him an email...and please post his reply—as I/we would be interested in the answer.

Cheers

[Boilermaker1]

Not my area of expertise but thinking logically
there are really two ways some party could acquire a controlling interest.

They go out on the market and buy up 136 million shares-
We really don't know what that would cost. I would think way over the 61 million you calculated. Your calculation assumes all shares purchased at US$ 0.45. On a "high volume" day there might be 100,000 shares of Nicorp traded. If someone is trying to buy up 136 million shares, that would drive the price up a bunch. We would all be asking: WHAT is going on? Certainly 001 dumping 100 or 500 would not hold it down! If someone was pursuing this strategy he would have to string it out over a LONG time to avoid arousing lots of attention. If you buy 100,000 shares a day for 1000 days you end up with 100 million shares. Just not feasible!

They make an offer to buy a controlling interest at XX/share-
We have asked Jim about this in the past. He has said they are legally required to report such an offer to the shareholders. In such a case it would ultimately be up to us. Each of us would have to decide how much their shares are worth. I believe the insiders want to build and operate a mine. Jim has told me exactly that. This is the project of a lifetime for them. I believe institutional investors would say "I made 100% profit, I am good with that." BUT, we have no institutional investors. So that leaves people like us here on the forum. Personally, I bought this stock because I think it will go to $5.00-$10.00, maybe more. I am not selling at $1.00-$2.00.

I did notice that in the info you posted it says "strategic MINORITY investments in partnership with experienced management teams." I could see that happening. I believe the Traxys people know all the key players at Nio and would consider them to be an experienced management team.