Yesterdays ZoomHi I have attended yesterdays zoom meeting.
Here is my understanding of the meeting and resume.
I am very concerned that Mr Hamelin views is that Abcourt needs +$10- $15 m to bring Sleeping Giant to full production in 18 months and the options is to do PP or borrow or do an Nsr.
An NSR is what has destroid Elder value.
Can Abcourt do the same mistake with SG..
The prediction from Mr Hinse 3 years ago was that a few millions was needed to bring Sg to full production in 18 months.
What has changed.
Will we need a 50-75% dilution to meet Mr Hamelin views.
Mr Hamelin has a plan to dilute Abcourt by 18.5% by merging Pershimex with Abcourt.
No clear plan why and the reason why Abcourt shareholders had no voting right was that it would cost Abcourt a fee .
Why would we as a shareholders have no voting right due to the cost it would take to express our opinion but we as share holders would in the future have the voting right to express our opinion to a name change.
Makes no sense.
Mr Hamelin view is that Abcourt will do anything to advance Abcourt Sleeping Giant project.
What does that mean.
Mr Hamelin said that everything is for sale.
Does that mean that all our assets are for sale at a very big discount.
Will Abcourt sell Discovery or Flordin or Barvue to get a few thousands to get Sg into production.
I am very concerned that we as Abcourt shareholders will loose most of our shareholders right to vote in any new proposition.
There are many other concerns that i have realized but will not go into for now.
Fernand