There’s a slight Buzz building on CRGP. We don’t see that the site is live. It seems to resolve to a blank page… or something like that. I assume that is because they say they are going private – and we believe them, of course.
QUICK UPDATE OCTOBER 28TH:
We often note when regulators search our pages on and end up on a certain page about a particular stock. FINRA visited today!
CRGP is Calissio Resources Group, Inc. (OTC Grey: CRGP). September 10th they announced they were “Going Private.”
Here’s some of the Buzz:
$CRGP some buying in play good sign !!$$$$
— Supertrader (@slice6467) October 8, 2015
A forum poster that was picked up by iHangout is not getting emails back:
— iHangout (@iHangout) October 8, 2015
Total Faith in Adam Carter: .
— casey zimmerman (@caseyryan1986) October 8, 2015
Not sure why people like Casey Zimmerman post on a company going private these positive details: .
— casey zimmerman (@caseyryan1986) October 5, 2015
Francisco Benavides shows us they are mining? But – again – what difference does that make if they are going private? .
— Francisco Benavides (@jvrbenavides) October 5, 2015
A Quick Note on WHY Companies Go Private: .
Here’s a few reasons why companies go private:
- They are sick of dealing with regulators and the expenses of the process.
- They are sick of investors calling them all of the time for info when they would rather just operate the business.
- They see great potential for the business, and they realize that they can cut out many mouths to feed if they simply go private. It’s a way of optimizing their own personal wealth at the cost of shareholders that have been with them for a while.
- There are a plethora of reasons beyond these reasons. (Yes, a friend said I could not get plethora in a post this week and I just did!)
You can decide what you think the case is here.
Here’s that Going Private Release:
Calissio Announces Closing of “Going Private” Transaction
LAS VEGAS, Sept. 10, 2015 /PRNewswire/ — Calissio Resources Group, Inc. (“Company”, “Calissio”) (OTC: CRGP) announced today the Company’s shareholders voted in favor of the proposal to authorize and approve the previously signed agreement and plan of merger (the “merger agreement”) dated August 31, 2015 and to authorize and approve any and all transactions contemplated by the merger agreement, including the merger. Immediately after the completion of the merger, Milagros Del Cobre Mineria S.A. de C.V. will own Calissio.
The parties currently expect to complete the merger immediately, subject to the satisfaction or waiver of the conditions set forth in the merger agreement. Upon completion of the merger, the Company will become a privately held company and its shares will no longer be listed on the OTC Markets.
Personal Message from Chief Executive Officer & President, Adam Carter
“Before considering this decision, every possibility was explored. Due to the stock price and delisting to the Grey Market, the board of directors saw no alternative but to execute this course of action.
“We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions. We wish to step away from the public markets, which have only put financial pressure on the Company with no guaranteed end; and instead point our efforts on growing and generating more revenue.
“I would also like to pass on some information that we are working on. In addition to our existing copper mines, we are looking to expand into gold mineral exploration. The merger with Milagros Del Cobre Mineria S.A. DE C.V. has created an excellent opportunity for old and new investors to capitalize on our growth. I encourage investors interested in receiving an investment proposal to contact us immediately.”
For additional information, please visit: http://www.calissioresources.com.