RE:We dont know the Truth; Why the CFO left? wothout a turn around (cash flow positive), pala will have lost money on this project, to say nothing of the opportunity cost. A sale, while ace for anyone who bought in under a buck, will leave The German Russian in Zug with a loss.
Further, there is no more easy retail money here, and a PP will give away 50% or more of the company for pennies. Is Pala going to be OK with 18% ownership and a .2 cad SP? Of couse not.
They have scalped retail already, that is done. we are at the poop or get off the pot stage. RB and crew are the people they are banking on, and that is why he has the support of the board, to the point where he can get a new cfo hired.
you should be happy., pala has lost a lot of money and time with this, only a 100% turn around will have made these last 12 years worth it. and if that happens, then the US will have a domestic source, and investors a return. and if june14 is a disaster, rhe we get a sale. either way, ripping off retail ain't happening because greenhorns have left. even thieves will play by the rules if it benefits them.