Super Spicy TO & Petition email content

As per GC2016’s post today, this info deserves its own thread, very spicy indeed!

I’m gonna grab the absolute hottest Sri Lankan curry I can find tonight to wash down this news.

https://hotcopper.com.au/posts/80351276/single


” Dear Hot Chili ShareholderI originally wrote to about 1200 shareholders from the share register and I've received about 70 emails back in support of the petition.If you haven't looked, there has been massive and unusual buying in the last few days and many of you may be wondering what is going on. Yesterday I received some messages from a person who was the first person who told me about Hot Chili's billion tonne resource. So I knew this person already from some work I was doing outside of this, to be specific it was in relation to the Mt Isa Glencore smelter where Glencore were asking the government for a $2 billion dollar bailout for the smelter.I am telling you this so you know that the person who passed on these messages is a credible person and not a just a random message I got from hot copper. Even though it's from a decent source I still can't guarantee its accuracy.The message was this, This 2 for 13 non renounceable pro rata rights issue at a time when money was not really needed, is because directors and top 20 shareholder insiders want to get as many shares as possible at as cheap as possible before a big announcement in a month's time. He says it can be pieced together from recent announcements regarding ongoing negotiations for joint ventures with the mines and water businesses. If all the recent announcements have suggested joint ventures, then why all of sudden a capital raise he suggests?I agree there is a logical conclusion to come to regarding this.On August 4, Christian Easterday exercised his options and performance rights. 676,812 of them. It is believed he did this only 1 day before the rights issue because there is a big announcement coming, not of a joint venture but the sale of the businesses and the figure he says is between $500m -700m. This figure can be deduced from a video he shared where at the end Rick Rule, and Christian talk about Hot Chili being undervalued 10x https://youtu.be/Kxnjs18cJMI?si=bEQoy3nM-_reWb1-He said this rights issue is just so management can accumulate and get a bigger piece of the payout pie. And that now that Christian Easterday has got the extra 676,812 shares from exercising them 1 day earlier, Christian can get all these extra shares in the 2 for 13 offer.I believe if insiders know this information about the deal happening so should you!Now it just so happens although I didn't plan it this way, the timing of my shareholder letter was remarkable.I applied for the share register on the 4th of August and on the 5th of August Hot Chili announced the rights issue. On the 20th August after the share price has gone well higher that the rights issue price, I wrote to shareholders encouraging everyone to take up the rights issue so that Glencore couldn't control more of the company.But it seems it wasn't just Glencore wanting to control more it appears to be management too. And that letter seems to have sparked the FOMO which now appears unrelenting - who is going to sell now knowing a big announcement is most likely already organised.When most rights issues happen, many people sell their existing shares to pay for the rights issue because they have no money. But in this case nobody wants to sell because even selling now is well below the price that seems to be what the mines and water are about to be sold for. If it's all true then I think it's a pretty low act, it truly is. By many parties. Years and years of manipulation , the share price falls so low. Then right before the big announcement, they try and get as many shares for themselves as they can while the majority of shareholders are in the dark.Please feel free if you want to discuss anything to leave your number and I will give you a call. SincerelyBen Pauley “