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Bullboard - Stock Discussion Forum Australis Capital Inc C.AUSA

Alternate Symbol(s):  AUSAF

Australis Capital Inc. is a multi-state operator in the cannabis industry in the United States. The Company is involved in the cannabis and horticultural industries in the United States and abroad. It is focused on brands and cannabis licenses in states with favorable economics. The Company also operates an engineering consulting firm. The Company advises on greenhouse design, build and... see more

CSE:AUSA - Post Discussion

Australis Capital Inc > Australis Capital...Provides Update Regarding Dissident...
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Post by MrNatural420 on Aug 20, 2020 1:24pm

Australis Capital...Provides Update Regarding Dissident...

https://www.newswire.ca/news-releases/australis-capital-sets

Looks like the current management structure is getting a little desperate. They paid for this complete fluff piece. Wonder where those dollars came from?

Australis Capital Sets Meeting Date, Provides Update Regarding Dialogue with Dissident Shareholders


LAS VEGAS, NVAug. 20, 2020 /CNW/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) ("AUSA" or the "Company") today announced that it has scheduled its annual general and special meeting of shareholders (the "Shareholder Meeting") for November 17, 2020.

As previously announced, the Company determined to postpone the previously scheduled Shareholder Meeting in order to allow AUSA and its shareholders time to fully consider a number of recent developments, including most significantly Passport Technology Inc.'s ("Passport") intention to terminate the acquisition agreement with the Company and the receipt of a notice of intention to nominate five (now six) individuals for election as Directors at the Shareholder Meeting (the "Notice") from Roger Sykes, of the dissident shareholder group. 

Against the backdrop of a small group of dissident shareholders intent on leveraging the current challenges AUSA faces to take over the entire Company, the Board of Directors is putting the interests of shareholders first by methodically charting the Company's course for the foreseeable future. Recognizing the significance the Passport transaction had to the strategic intentions of the Company, its termination has necessitated a deliberate and thorough reconsideration of that strategy by the Board of Directors, which is ongoing. The Company is in discussions regarding the Passport transaction and is confident that it will reach an appropriate settlement, and is also reviewing the composition of its Board of Directors and expects to make significant changes to the Board prior to the Shareholder Meeting.

The Company is confident that its adjusted strategy and proposed complement of Directors will be far more appealing to shareholders than the collection of problematic nominees cobbled together by the dissident shareholder group. To that end, the Company intends to provide a management information circular in advance of the Shareholder Meeting which will outline the AUSA's revised strategy, identify those director nominees required to ensure the Company is positioned to succeed on that strategy and will include the Company's voting recommendations regarding those nominees. There is no action for shareholders to take at this time.

Notwithstanding the unrealistic and self-serving dissident demands and its continued public agitation, members of the Company's Board of Directors have on numerous occasions reached out to members of the "Concerned Shareholders" in an effort to seek and discuss in good faith all legitimate ideas that could move AUSA forward. The Company will continue to attempt to find common ground with the Concerned Shareholders, as it is in AUSA's best interests to put this dispute behind it and move forward united with all of its shareholders in support of the Company's revamped strategy and Board of Directors. It is the Board's sincere hope that these constructive efforts are reciprocated and that the dissidents seize the opportunity to demonstrate that they have the best interests of ALL shareholders top-of-mind.

 
Comment by Purplekush on Aug 21, 2020 11:21pm
The current board is a big fat joke. You can't get a straight answer from IR. "We got a plan." That's basically all they say email after email. A bunch of clowns. We need Terry booth on the board. He's a growth type of guy. He turned a $3m company into a billion dollar company.  If you want to see Ausa get back into the cannabis sector, join the CSH group and vote for ...more  
Comment by Icanman on Aug 23, 2020 10:23pm
is there any details that they are planning for a turn around from IR...I don't understand wat will be his credibility ( Booth) as he was already evicted by Aurora...is there any plans for merger..with ACB
Comment by MrNatural420 on Aug 24, 2020 4:10pm
https://www.newswire.ca/news-releases/aurora-cannabis-completes-distribution-of-australis-capital-693695771.html   Following the distribution, Aurora has no direct ownership interest in Australis, and the company is an independently operating entity. Aurora, however, does hold two warrants, allowing the Company to acquire an ownership interest at such time in the future (within 10 ...more  
Comment by Imabagholderxd on Aug 24, 2020 8:33pm
You think acb uses back end rights ? 
Comment by Icanman on Aug 24, 2020 10:45pm
If ACB can able to come back stronger in this quarter and next , there can be real options...but still Ausa has to find the revenue stream...or required a reboot in marketing..
Comment by K2money on Aug 24, 2020 8:48pm
Aura is POS company....has done zero since the ACB spinoff.  More corruption.  After TB jumping ship from ACB with his multi millions of shareholders dough....I would not trust that man to feed my cat.   This entire industry is run by manipulation.   I own a bunch of Ausa from the spin off...plus.  It’s just another dud run by losers.   Be lucky if this thing iever ...more  
Comment by GotNoPension on Aug 27, 2020 10:11am
WAKE UP!! Terry Booth is/was a Drunk Crook. A Used Car Salesman. The modern version of the Carnival Snake Oil Salesman. He raped ACB and it's Shareholders for Millions and has now DISAPPEARED. Probably laying low for his perosnal safety from disgruntled shareholders on a tax haven island. And his Partner in crime, Scam Battley, the same, but scuttled like a Cockroach in the light of day off to ...more  
Comment by GotNoPension on Aug 27, 2020 10:18am
SUPPORT A TAKEOVER. The current Board are just siphoning money from shareholder money and are desperate to keep financing their perosnal interests. No VISION. NO PLAN ...except go keep financing themselves!
Comment by K2money on Aug 28, 2020 11:31pm
Agree completely.  Another pile of low life crooks.  Should all be in prison.  Corrupt as fk.  This company is a dead horse and always has been.  I believed Battelys pump.....now I wish I could run him over.  Crook.
Comment by Purplekush on Aug 30, 2020 1:41pm
The only hope is to vote Terry booth in. Terry booth still have some die hard fans. His name alone is worth more than this POS!!!!
Comment by Purplekush on Sep 01, 2020 12:22pm
The Concerner SH group now has the support of 38% of the shares from other Shareholders. Join them now!!! We need to get rid of the current incompetent board!!! Once they take over they will investigate the Passport and Folium deals to look for any potential fraud!!! The board belongs in jail right now!!!!
Comment by K2money on Sep 01, 2020 10:14pm
I agree...the fk nuts need to go.  Bunch of corrupt losers trying desperately to fleece shareholders.   Put em away...criminal to say the least.  
Comment by Purplekush on Sep 01, 2020 10:21pm
If Terry Booth takes over, this could get back to $1 in no time! Terry booth still have fan boys!! You know it!!!
Comment by Franklinsing on Sep 02, 2020 12:02am
Very confusing what is happening now.  Still no word on direction.  Seems like the board and management are trying to keep their jobs by hatching some new scheme to buy more time. 
Comment by Purplekush on Sep 02, 2020 4:10am
They said they are going back to Cannabis but I feel they are only saying it because of the concerned shareholders.  I'm not going to get fooled by them again. Every deal, they said it's good until it wasn't. Even the passport deal, they said its undervalued and they'll make hundreds of millions if they get into the US. I'm voting for the nominees, their vision ...more  
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