Post by
Irishmist1965 on Jun 17, 2022 2:56pm
Cult's similarity to the junior public company
Cult is similar to a university research chair and it should have been identified as such when it tried to go public. This is gradually being reinforced by the frequency, tone and content of their press releases as well as the decline in the share price. However, they did avail themselves of the benefits of a junior company's incorporation...planting, nurturing and cultivation of the insider shares.
To demonstrate their importance, common to most of these juniors their information to shareholders circular for the annual meeting might contain 30 pages of information. Of this, 15 or more pertain to share issuance, share options, share warrants, extensions of expiry dates, etc all for the benefit of the original shareholders and other insiders usually to the detriment of the retail shareholders who buy on the open market. This is a systemic bias against the little guy and has to be changed.