Keeping it real will be the test to gain shareholder support I hope Karnalyte just keeps it real, as this statement by the company comes across as disingenuous and almost arogant -
“To make matters worse, the Dissidents submitted their requisition very shortly after the current Directors were elected, with over 80% support of the votes cast.”
When considering:
In the 2020 election Vishvesh D. Nanavaty received 17,327,984 shares in favor of which GSFC holds 16,334,558 of those shares voted.
Of the remaining Karnalyte Resources shareholders that voted, 4,207,215 shares were voted withhold or against the GSFC rep as only 52% of the corporation’s total outstanding shares were voted
If you subtract the 16.3 million shares voted for the GSFC rep by GSFC, 4 times more shareholders actually voted against the GSFC rep, but thanks to the good ole Rights Offering it is easily made to appear 80% of the corporations shareholders voted in their favor, when in fact the vast majority of shareholders not named GSFC voted against