Karnalyte Resources Inc T.KRN

Shout out to Karnalyte and GSFC

[mdjbrown]

You have been given a glorious opportunity to do the right thing, and in doing so, putting and end to this troubling and hypocritical csg endeavor.


While 4 members of the new concerned group were in charge as directors in Karnalyte, the founder and another original shareholder were publicly and maliciously attacked by the corporation through baseless allegations.  These allegations were later thrown out by a senior judge after a very expensive lawsuit for all parties involved.


The right thing to do now is to make those shareholders whole again, as they should never have been forced to spend hundreds of thousands of dollars in legal fees against baseless, unfounded, malicious allegations against them. That does not even account for the sleepless nights, loss of income, loss of reputation, loss of freinds, and all the other demons attached to being falsely accused publicly.


These 2 shareholders and their supporters alone make up for more than 13% of the corporations outstanding shares, and with their support this Special Meeting is a complete waste of time when adding that 13% to GSFCs 38%.


I cant speak for these 2 shareholders, but it should be a no brainer for the new board to make things right with the founder of the company and the other original shareholder as they make up some of the corporations largest shareholder base.

This company will never move forward if it is continually bogged down in litigation.  Time to break free from that culture and move forward for the betterment of all shareholders.


Doing what’s right, to make things right should not be that hard of a decision for the new board, and in return certain problems are all of a sudden no longer relevant.
 
Just sayin!

[AriW16o]

yes, we all shareholders don't like GSFC taking full control now, but between GSFC and new csg consisting hypocrites, selfish, greedy people, traitor to own friends and company founder, rest of all shareholders would rather be on GSFC side this time if there is no third option. STOP wasting money on lawsuits !!! STOP being selfish and hypocrites !!! Ask ASC to do the investigation!

[mdjbrown]

Agreed Ari, and as a shareholder I do appreciate the fact that current management appears to have put the brakes on frivolous spending since the new directors have joined the corporation. Shareholders will have to decide where they stand on this issue keeping in mind, when this csg group was elected in May of 2017, the corporate treasury had $9 million cash and a $5 million BMO investment which