How about we start with the truth, okay?

You said:

Let's say Cliffs holds about 20% (votes) of FWR, in shares options, rights and warrants etc

In fact, according to the June 4 News Release: "As a result of the private placement, there are 214,575,039 common shares of Freewest issued and outstanding, of which Cliffs holds 6.9%..."

Furthermore: "Each share is accompanied by one-half of a common share purchase warrant. Each full warrant entitles Cliffs to purchase one additional Freewest share at a price of $0.45 for two years."

Even though these warrants are in the money, and have been for some time, there has been no public notice of their exercise, as required by law.

Furthermore, Cliffs could not possibly hold more than 10% of the company's shares, as that would itself require a public declaration of beneficial ownership or control in excess of 10% of outstanding shares. Moreover, a stake of 20% requires a declaration with respect to their intent with respect to control over the company.

Cliffs does not hold options, they hold warrants, and neither confers a right to vote. But that is irrelevant, because there is not even a vote taking place. The only right they have, as with other shareholders, is to tender their shares to the offer or abstain from doing so.

There are so many falsehoods in one sentence, it boggles my mind. And posters here have given this six thumbs up. Good grief!

Lar