Again, great input, Dich. I do understand that the Preferreds will be tradable based upon the Company's update on 9/8/10. My guess is NMGL would hope people sell their shares at a much lower price vs. waiting for the sale/target price. More $ for them when the mines are sold! JMHO
V
Dich Member Profile Dich Share Thursday, October 21, 2010 1:48:29 PM
Re: Vianna post# 164460 Post # of 164477
Thanks V. Anyway, I think a "Reverse Merger" is critical to completing this thing. As it is part of the means to the end. Not to mention that it confirms NMGLs intent to own 100% of both companies. What I find significant about it is that once all steps have been completed we will have the ability to trade our soon to be distributed Preferred "A" and "B" shares, and hopefully take profit in doing so. Or we can choose the alternative, that being to hold and wait for NMGL to sell. Which is ok, but I think the downside to that is time, and also, I do not see anything that states NMGL will sell both companies, or anything that states they would have to sell them both or to sell both at the same time. In fact if you read the redemption paragraph in the agreement it clearly tells us that they do not have to redeem all the shares at the same time. So, unless you don't mind possibly waiting and perhaps getting the div paid out in a piece meal fashion, then taking a less than expected profit may be an acceptable choice. Now don't take me wrong here, I'm not trying to put a negative spin on this thing, because I feel much more positive about this deal now than I have in a while. I'm sure we're going to see profits soon, I just fear that they wont be what allot of folks are expecting. JMO
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