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Pastimes : Zenyatta Free Speech Board
ZEN 77.480.0%Nov 21 3:00 PM EDT

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To: Clinteroo who wrote (22763)1/3/2019 5:21:13 PM
From: NuclearCrystals  Read Replies (1) of 22811
 
Clinteroo, there is no argument that CCK has had zero success at doing a deal since they cleaned up the CCK structure with the steep reverse split after the coal foray ........... and they've rolled it back 2 for 1 since and will likely roll back again in order to do any kind of deal (EVG is being rolled back again too in order to do a deal) .......... nonetheless, the CCK shell remains attractive with about $1.5 million in the treasury.

I say CCK is still a good shell to take a position in ......... newer investors will get a much better deal than the ones who took a position after the 10 for 1 and the subsequent 2 for 1 ........ and whatever consolidation is yet to come as part of a deal, albeit, that'll be baked in once a deal is put together .......... in fact it looks baked in already.

Timing is everything ....... but above all you need a decent deal. They've looked into numerous deals over the last few years and each one has not advanced to or through the definitive agreement stage for various reasons that have come up during due diligence.

I look back to when I had suggested Canada Carbon could roll back the company if need be ......... and the Trading Chief crew went bananas over my suggestion. Well ....... Duncan hasn't rolled it back in the face of all kinds of negative forces including Trading Chief itself ......... a far different story than CCK as a shell and that's definitely a negative and a strike against the company for long holding CCK investors as the current share price and NEX listing illustrate.

Dropping down to the NEX makes it much less onerous on parties to close a deal ........... so maybe 2019 will see a good deal come together.

Good on Canada Carbon for not rolling back the company in the face of the legal fight necessity ......... good on Zenyatta Ventures for being able to hold a share price in and around Canada Carbon's high considering ZEN has Francis Dube inserted as co-CEO ......... what else can one say about 2018 for these two companies ......... both have seen trying times and both did surprisingly well considering what each has gone through.

Getting back to CCK ......... good shell, has cash, looking for a deal .......... great entry price.

Focused on Canada Carbon playing out in the courts and I'm waiting on EVG to give some kind of indication that they will close the Bocana Resources acquisition as Bocana's presentation indicates completion of the RTO early in 2019 ....... a significant lift there upon trading commencing would certainly provide a positive outlook for a CCK deal ..... when one comes.

Will be interesting to see if these Bocana players have the promotion taken care of ......... the names are heavy weights .......... the promotion should reflect that weight.
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