In connection with and as a step in the Plan, the Common Shares issued and outstanding immediately prior to the implementation of the Plan were consolidated at a ratio of one (1) post-consolidation Common Share for each 86.39636 pre-consolidation Common Shares (the "Consolidation"). Any fractional Common Shares resulting from the Consolidation were rounded down to the next whole share without any additional compensation therefor. As a result of the implementation of the Plan, such shareholders represent approximately 0.9% of the equity of Jaguar in the aggregate. A letter of transmittal with respect to the Consolidation will be mailed to such shareholders which letter sets out instructions as to how registered shareholders can receive certificates representing post-Consolidation Common Shares. The shareholder rights plan dated May 2, 2013 and all rights issued thereunder were cancelled pursuant to the terms of the Plan.
As a result of the implementation of the Plan, there are currently 111,106,262 Common Shares issued and outstanding.
I'm not a current investor (either long or short).
They (I don't know who the braintrust is over there), have decided to totally redesign the whole Ebay concept.
I must say - it is absolutely atrocious. The turned the "Searches" into things called "Interests"- and basically you can't ever give them a human name, so unless you have a computer memory, you're not going to want to use those. The have these things called "Collections" - here is an interesting thing for an Auction - let everyone know what you're interested in buying....that should help YOU a tremendous amount when bidding against all of those people you just notified.... Huuuuuuhhh
Then they give you this thing called "My Feed" - which is basically the advertising frontend from he11. Somewhere in there must be something for me ??? right ????
I'm a pretty heavy Ebay user and buyer - I don't know what I'm going to do now - they have made the buyer's experience on Ebay a total nightmare.
It is still listed in the US and trading. It is now on the OTC. Look for JAGGF.
NOTICE IS HEREBY GIVEN that the annual and special meeting (the "Meeting") of the holders of common shares (the "Shareholders") of Jaguar Mining Inc. (the "Corporation") will be held at Norton Rose Canada, LLP, 200 Bay Street, Suite 3800, Toronto, Ontario, Canada M5J 2Z4, on Monday, June 10, 2013 at 11:00 a.m. (Eastern Standard Time) for the following purposes:
1. to receive and consider the consolidated financial statements of the Corporation for its financial year ended December 31, 2012, together with the auditor’s report thereon;
2. to elect the directors for the ensuing year;
3. to reappoint KPMG LLP, Chartered Accountants, as the auditors of the Corporation for the ensuing year and to authorize the directors to fix their remuneration;
4. to consider and, if deemed appropriate, pass an ordinary resolution approving, ratifying and confirming an amendment to By-Law Number 2 of the Corporation to add an advance notice requirement for nominations of directors by shareholders in certain circumstances as more particularly set out in the accompanying management information circular;
5. to consider and, if deemed appropriate, pass an ordinary resolution approving, ratifying and confirming the Shareholder Rights Plan Agreement of the Corporation as more particularly set out in the accompanying management information circular; and
6. to transact such further or other business as may properly come before the Meeting or any adjournment(s) or postponement(s) thereof.
Hey Brett....speaking of terms of the deal. What does this $25M secured loan do to the holders of the $250(-) unsecured loan ?
In case things go bad - who gets paid first? Who gets paid after that ? Between the unsecured debt holders and us, lowlife common shareholders who gets paid first?
I think your thinking a little backwards. First you have to determine what the value of the company is, if it didn't have the debit. Then add the debt. If you start out with the idea that the company is worth zero or 40 cents, then I don't ever want you buying anything for me.
It wasn't too long ago that this company traded in the $4's with no problem.
But then again.....maybe the people at that time were really stupid Aholes.
Although I'm not going to waste time reading through the particulars of JAG's debt, I would just point out that in general, an unsecured convertible note - is just that "convertible" means it can be repaid by cash or stock. Unsecured means that the lender CAN'T take possession of the company as long as the note is paid in cash or stock.
Dang this is fun :-) Everyone pile on and kick Brett's butt :-) Read on ... I think prospective means something sorta good, unless you have some kind of warped mind....
"the ground that we have is very highly prospective" - what da heck does that mean anyways....I ain't no English teacher....
Brett - are you confusing prospective with speculative ???
Can you end a sentence with an adjective ???
pro·spec·tive/prəˈspɛktɪv/ Show Spelled [pruh-spek-tiv] Show IPA
1. of or in the future: prospective earnings.
2. potential, likely, or expected: a prospective partner
I hate this stupid message board. Total engineering disaster - way to go Yahoo....
Is this horrendoous $250,000 debt secured or not. And if so, by what?
It is amazing (except from the obvious advertisings on the pages) that Yahoo presents this slop as if it has some kind of professionalism.
This says it all:
"Author payment: $0.01 per page view, with minimum guarantee of $100 for Pro articles and $500 for Alpha-Rich Pro articles plus free access to Seeking Alpha Pro.
Become a contributor"
I'm sure a lot of these writers are hoping to land a cush job writing for a professional organization, but I'm not sure I would want to base an investing decisions on their presentation of the obvious.
Probably most of the Seeking Alpha contributors post on this Yahoo board.
...all with new aliases which is easy to recognize - first look for a bunch of numbers in the alias then look at the posting history.
I wonder why they always only post on only one stock. They must be soooooo busy that they create a new alias for each stock that the participate in, that way they don't accidently start talking to themselves.
But I guess they are very busy counting all of those millions that they have reaped from their superior investment techniques.
It is very refreshing to read their intelligent conversations about a 51 cent stock, and their magnificent guidance to "Get out". Such honorable souls. I'm sure there will be a place for them in the afterlife :-)
If you reply to this post I guess you are drawn to the subject line for a good reason :-)