RE:RE:Irony at its finest!biz, both GSFC and the Krn Chairman at the time worked diligently in moving forward with several initiatives to create value for all shareholders, and they should be commended for trying to put something together at a time when shareholder frustration was very high.
"GSFC has had a chance to consider this proposal, and they are agreeable to pursuing negotiations in respect of such proposal on an expedited basis (and also concurrently to consider other potential ways GSFC may be able to assist Karnalyte on a go forward basis for the benefits of all stakeholders of the Wynyard Project)"
Shortly afterwards, a Letter of Intent and Feb 27, 2018 Memorandum from GSFC was recieved by Krn.
It is very unlikely negotiations would have gotten to that point if any of the parties involved had any concerns or reservations about the "trade-off" as you put it.
A board vote was scheduled for March 8, 2018, and shareholders were going to be updated shortly afterwards which would have created much overdue excitement for beat up shareholders, and I look forward to finding out who stopped that potential windfall for all shareholders and why.
If it turns out certain members of management highjacked the board in 2018 as was similarily argued by GSFC in 2015, then clearly there is a much larger issue at hand as the board of directors have a fiduciary responsibility in looking out for all shareholders best interests, and if those duties were not carried out to the fullest extent and in fact cost shareholders money, someone needs to be held accountable to the shareholders of the corporation.
Looking forward to what information the fall brings ..................