GREY:ARGEF - Post by User
Post by
grandpa67on Jun 24, 2019 2:18am
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Post# 29854747
something to think about
something to think aboutAsk yourselves why is there a lawsuit in progress?Why are there complaints being filed with Quebec Securities Commission? Every director and officer of a corporation have fiduciary duties.The duty to act honestly and in good faith to the best interests of the corporation puts directors and officers in the role of fiduciary of the corporation.This gives rise to additional obligations,including avoidance of conflicts of interest,not using one's position for personal gain or seizing corporate opportunity,and maintaining the confidentiality of corporate information. Fantastic news June 4,2019 signing a Strategic Agreement for a multiplant development.........including access to project financing,three great deals on the table,Quebec ,China 25 KT plant and the previously announced project in Vietnam.What happened in two weeks to warrant Argex to file a Notice of Intention (NOI) to make a proposal pursuant to................the bankruptcy and insolvency act.Creditors want their money? Who are the creditors??? Above projects in process,surely payments would be administered shortly.It doesn't add up?If creditors could not wait, then why not do a private placement,was done before,something should have been attempted,instead they chose the (NOI) route. Theory,perhaps Argex officers and directors have motives to use the bankruptcy laws for self enrichment,delist company and take it private. Make your own conclusions and act accordingly. GLTA