Replies to post #12744 on Chancellor Group Inc (CHAG)

[dmbao]

I would assume their new shares would be restricted? Initially it sounds like a potentially better plan in the short run, not sure about the longer term with out knowing more.

Present management is a rebuilding plan that will take time and money. This plan dilluted 50% but we keep all the property have more working capital to bring more well on line and the financial capacity to get more leases.

I have to look into the details as you never know what they will do over time, they could dilluted further once in charge. I would like to see some prohibitions from issuing more shares with out say 75% shareholder approval and some other things to protect the minority shareholders.

I have to read it again to make sure I fully understand their financial commitments.

I wonder how long this takes to sort out, I would bet this type of change in control would unrestrict Max's shares which I wouldn't want to see yet.

Also would hopefully include a uplisting.

[redlepper]

i think max would be stupid not to like this new plan. just my 2 cents