GREY:URPTF - Post by User
Post by
ShakeUpTheBoardon Mar 17, 2021 11:56pm
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Post# 32823598
Another Reason to Replace Board
Another Reason to Replace BoardBased on UPC's activity in 2020, UPC is looking to unload its uranium, not purchase more.
News will likely come out that UPC is selling Denison the 2,500,000 lbs that Denison recently announced it is looking to purchase. UPC will likely sell these pounds to Denison at a discount to the spot price - and on top of that pay Denison an additional fee for arranging the sale of uranium.
Huge conflict of interest here - Denison profiting from UPC's weak Board of Directors. UPC's Board already lined Denison's pockets with a guaranteed 5 year management contract, and will now kind Denison's pockets further.
This is the reason UPC's board needs to replaced by individuals that are not puppets to Denison's management and Board.