Sasamat Capital Corp (Formerly Bresea Resources) Message Board

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Gold/Mining/Energy : Sasamat Capital Corp (Formerly Bresea Resources)

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To: laker2000 who wrote (32)	4/20/2006 3:32:51 AM
From: deussen	Read Replies (1) of 96

Rockin´ back to 3.- ... You were right, SSALF has 35% of MFCI. With a market value today of 41mn EUR (35% of 117mn EUR). This is more than 5 USD per SSALF share (7,8mn outstanding). NOT accounting for a control premium. Shows the nice upside potential (without showing the upside potential which lies in the strong business of MFC I in itself...) The questions: - Are there ways for BANCORP which owns 50,5% of SSALF to take the MFC I shares out of SSALF without properly compensating shareholders? - Are there other ways for BANCORP to take assets out by for example providing service contracts where SSALF overpays? Or by providing loans to be converted into SSALF shares at the too-low-market-price (which they tried but got blocked. I wonder who the heck had the guts/knowledge to block this item at the assembly back in November)... - I F any such way exists, what do the minority shareholders have to do to aviod this? Is a certain amount of shares needed to block these attacks? Or to position a non-Bancorp shareholder in the board?

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