RE:RE:RE:RE:summary of lawsuitshf57, there is no doubt GSFC is in much better shape today, and large in part as a result of the Rights Offering.
It was always rumored GSFC was calling the administrative and operational shots at Karnalyte behind the scenes once they invested in Karnalyte in early 2013, but required greater control of the corporation as a safety mechanism.
Up until Jan 2019, there was always a majority shareholder deterent as GSFC only held approx 20% of the outstanding shares of the corporation, but that deterent no longer exists thanks to those who unexplainably thought the Rights Offering covered with a Standby Agreement was somehow a good idea for all shareholders.
Look no further than the shareholder participation percentage in the Rights Offering, and it tells the whole story. Insiders promoting the Rights Offering benefitted greatly at the expense of every other shareholder.
As a result of GSFC outsmarting those who thought they were the smartest in the room, GSFC are now in a very good position to move ahead when they are good and ready, and not a minute sooner.
Cant blame GSFC one bit, as they were seeking greater control of Karnalyte, those responsible for Karnalytes affairs at the time were very well aware of it, and yet that control was still handed over to GSFC on a $1.75 million dollar silver platter to control a billion dollar potash asset.