GWGO.OB - Takeover

peter_win said: "Anybody know why the majority shareholder would not sell their shares for 0.05 which is a 4200% ROI (based on Friday's closing price) to BCP who is rumoured to want to takeover GWGO? Does the majority shareholder actually think the company is worth more then 0.05?"

glock35ipsc said: "Because it was just that, a bunk rumor: Great West Gold, Inc. - Update and Rejection of Purported Takeover Bid Friday March 10, 10:55 am ET NEW YORK--(BUSINESS WIRE)--March 10, 2006--Great West Gold, Inc. (OTCBB:GWGO - News) announced on March 1, 2006 after it had been alerted by a substantial number of shareholders, to a Press Release in respect of a purported takeover of Great West Gold, Inc. by Banco Comercial Portugues (BCP). Great West Gold, Inc. has received no communication in respect of this takeover bid and is of the opinion that is not genuine. Great West Gold, Inc. has not been able to verify whether or not this is a real takeover offer and even if it proves to be a genuine Takeover Offer, Great West Gold, Inc. has been formally advised by sufficient stockholders that any takeover at that price would now be unacceptable nor of any interest to themselves. which means that any Takeover Bid for Great West Gold, Inc. would fail. St James Capital Holdings, Inc. which has a substantial interest in the Company as well as a substantial financial exposure to Great West Gold, Inc after the acquisitions announced on Friday March 3, 2006; has formally declined to accept any takeover bid for Great West Gold, Inc. at that price per share."