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Bullboard - Stock Discussion Forum Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals. Its Wynyard Potash Project is a Carnallite... see more

TSX:KRN - Post Discussion

Karnalyte Resources Inc > Congratulations Danielle - Liqudation Sale
View:
Post by ErnestC1936 on Sep 17, 2021 10:47am

Congratulations Danielle - Liqudation Sale

Great Liberal Business Strategy Danielle and Board!

Spend all the money and then have a liquidation sale to sell everything but the kitchen sink (Fridge is included). 

Lots of shareholder value there! 

Every woke virtue signaling female CEO loves to have a Liquidation Sale after spending all the shareholders money! It's the Trudeau way! 

https://mcdougallbay.com/new/auction-event.php?arg=2298C1B6-63FF-491A-B355-4226276E0040

Comment by HermanMonster on Sep 17, 2021 11:59am
My guess is there is many skeletons in her closet. I have heard rumors that she was the chair of audit committees of for the Remi Modern Art gallery. If so She would have been in charge of the financial model that moved that white elephant forward. That place has not turned a profit since the doors opened. It was 40 or 50% over construction budget. Saskatoon tax payers will be on the hook for ...more  
Comment by ErnestC1936 on Sep 17, 2021 1:29pm
I don't know her or anyone on the board or their past/history but as a farmer and anti Liberal I could see this coming. Way too much self promotion and lack of focus on getting N built.  As a farmer and anti Liberal I would prefer to buy homegrown N using our own resources locally and build our economy and sustain our way of life in that environmentally friendly and economically ...more  
Comment by HermanMonster on Sep 17, 2021 7:29pm
i feel like this gender neutral candidate Interim CEO is gas lighting shareholders. she is selling off office equiptment, stationary equiptment, vehicles and tools for 25 cents on the dollar and telling us she is doing a great job of reducing expenses, maybe taking company off the main board, all so she can continue to milk the company in over paid salary for doing nothing. I feel like some one ...more  
Comment by HermanMonster on Sep 17, 2021 12:25pm
The previous management was working on nitrogen, seemed like things were moving along until Wheatley got fired. I fired up my grain dryer this week, got a quote for Nat gas, haven’t needed since fall of 2019 wet harvest, to my surprise nat gas has went through the roof. I know bigger users like cities and manufactures Nitrogen plants can lock in 10 years plus price contracts. The price of Nat gas ...more  
Comment by mdjbrown on Sep 18, 2021 8:37am
EC do you know if the contents / furnishings at the Wynyard shop were also sold in this auction, as I dont recall seeing a lot of these items listed below at the Saskatoon headquarters. If the Wynyard assts are being sold in this auction, is the Wynyard shop itself also in the companies asset liquidation plans?  Computers / Electronics / Photocopiers / Office Equipment (1) Acer, (3) Asus ...more  
Comment by ErnestC1936 on Sep 20, 2021 11:27am
I didn't see anything about Wynyard but I don't know what was out there and what was in Saskatoon.  Sorry, I have never been on either site to know what is what. Being a farmer, I get auction sale alerts and this one popped up and it surprised and concerned me. Will check and see if there any other sales in the Auction pipeline and let the group know if anything comes up again ...more  
Comment by TradeTracer on Sep 20, 2021 1:12am
Comment by TradeTracer on Sep 20, 2021 1:22am
Apart from the trucks I really don't see much value there...? Office equipment, cement mixer, appliances wouldn't add up much past 50k... 50k is 50k yes, but usually these company auctions have a bit of meat in them to make them worthwhile... ...Multiple vehicles, industrial machines (loaders), maybe some real estate would have benefitted all Auction mart would charge between 4 to 15% I& ...more  
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