I thought the plan was to have one motion decide.
just so everyone is clear what has been proposed by SDM is an absoprtion of all SIN assests, all equipment operational or otherwise as well as any information will be transfered from SIN to SDM and after relocation to a SDM location and evaluation/restoration(as needed) to operate as originally intended.
So we have two proposed options then:
1) All rigs are sold for cash to whomever, and the cash is distributed to shareholders proportional to their LEGITIMATE shares.
2) SDM takes over the mining operations by physically acquiring the rigs, though they are still owned by the shareholders.
This is correct, and once I get my client updated I will set forth a motion concerning these matters.
I thought the absorption has already been discussed and has been determined as the ideal alternative. Then again, you (Tawsix) havent really discussed it yourself, even going to the point of saying shakaru was disinterested in the idea of absorption.
I said that he was not interested in buying the assets.
sell the assets to shakaru
He has already stated he is not interested in that arrangement.
There have been maybe six or seven shareholders who have been expressing their opinions in this thread to allow for absorption, one of which would be the one acquiring SIN's assets. I do not think this is a good sample, so I do not think it is wise to make this vote a dichotomy of either liquidation or absorption. Just because we have had one offer does not mean it is the only one we can get, or the best one for the company.