Jacques Olat's Profile
Jacques Olat's Posts
"Shareholders must tender their shares to the Offer by no later than 11:59 pm Toronto time on December 29, 2009 in order to participate in the Offer. It is anticipated that Argonaut will take-up and pay for the shares deposited to the Offer shortly after the expiry date provided that all conditions to the Offer have been met or waived by Argonaut."
So what happens if we do not tender our shares to the offer?
Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan.
- In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches.
- Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song, while today shares in Kamikaze Bank were suspended after they nose-dived.
- While Samurai Bank fell on its sword, Ninja Bank is reported to have taken a hit, but they remain in the black.
- Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal
LOL
My wife was at a function yesterday that Bill Clinton was the main speaker. He spoke a lot about world economics and had the following to say about Canada. Sure helps to hear some optimism about mining in Canada. 'After that, the former president delivered a speech that was vintage Bill Clinton -- erudite, informed, and infused with both gravitas and folksy wisdom. He called Larry Summers, his former treasury secretary now picked by Barack Obama to be the president-elect's top economic advisor, "the smartest man on the planet. If he's not, he's so close you can't tell the difference." Clinton reassured Canadians about our nation's economic prospects thanks to our blessing of natural resources. "Sixty per cent of the world's mining wealth is traded on the Toronto Stock Exchange," he said. "The long-term looks good."
to read what rating and price Genuitys Michael Gray puts on NOT after this NR.