Why is Catalyst even negotiating with Superiors management anyways? Superior c Suite and BOD just a bunch of losers with no operational experience who have little stake in company equity and catalyst don't need them to run combined operation going forward. Catalyst has about $18mm Cash in bank so all Catalyst need to do to make their Plutonic milling dream real is start buying Superior common at the market starting 930am this morning in New York and Toronto. SGI/SUPGF market cap is like $30mm so for the $18mm in the treasury, Catalyst can buy a bit more than 50% of Superior equity before lunchtime. Superiors top 9 shareholders are all mutual funds and specialty precious metal funds from Canada, New York and California certainly these mining investing experts see the greatness of the catalyst vision for western australia and all 9 of these funds are chomping at the bit to sell their stakes in Superior for 19 cents per share to catalyst
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Why is Catalyst even negotiating with Superiors management...
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