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CMKX II new Thread. Get it while you CAN !
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[QUOTE]Originally posted by Wallace#1: [QB] [QUOTE]Originally posted by WWJD-thru-me: [b]I'm going to reply to my own post. As I am thinking about the money from the options if exercised-I never gave much credence to the dollar a share buyout thoughts but if UC has bought back most of the outstanding shares and has partners who have given him big bucks for the option on a portion of our mineral rights he may have cash, partners and diamonds. He could then off a buyback to take this private at any price he can afford to pay since he will not be doing the buying of many of the shares. Only the shorts will need to buy shares. I am now giving this a little credence. I don't know it as fact in any way. I am thinking out loud but I can see this as a possibility now where I never could before. This sure could make it easy as far as deciding what price to sell at. The buyout offer price. Heres hoping it is that good. IMO-DD-GLTA-Debi [/b][/QUOTE] Debi, Here's how I read that option. $50,000 buys the option to purchase 25% (leaving 25% for each of the other 3 =75%). If UCAD does not spend a total of $200,000 on the site to search for diamonds, etc.), the option is automatically declared null and void. I am guessing that if UACD defaults on the $200,000, the 3 companies each keep a third of the $50K. What they (CMKX) seem to be doing, is letting UCAD spend the money and take the risk on that acreage and still retaining 25%. If 3 companys own the acreage, each will get 1/3 of the $50,000...hardly enough to buy back much stock. [/QB][/QUOTE]
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