Friday Afternoon News......hmmmmm
So what does this all mean for you and me? No question BB's left and right shoulder little birdies should be tossed out head first without opening the door. BUT, last time Lorne Harder went into management he did nothing, communicated nothing. Was this because BB was still calling the shots while he was still alive or was Lorne just the same as all the other Board members, good at doing nothing! I am all ears and wanting change so sell me the goods Lorne. Show us a plan that we can buy into. Give us more than just hope. Rollbacks, we do not need one and will work against existing shareholders support, and your UK bottom feeder is not going to cut it based on their past performance. Put your Big Man Vancouver Island Pants on and show us the way. Is our strategic 30% partner on side?
Cascadero investor Lorne acquires 4.82 M shares
2020-05-29 15:02 ET - News Release
Mr. Lorne Harder of Lorne Harder Holdings reports
LORNE HARDER HOLDINGS LTD. ACQUIRES CONTROL OF OVER 5% OF THE SHARES OF CASCADERO COPPER CORPORATION AND INTENDS TO SEEK BOARD AND MANAGEMENT CHANGES
Lorne Harder Holdings Ltd. has recently acquired voting control and direction over 4,826,250 common shares of Cascadero Copper Corp. The shareholder now has beneficial ownership of and\or voting control and direction over an aggregate of 9,018,707 common shares (the "Shares"), representing approximately 5.07% of the total issued and outstanding common shares of CASCADERO.
In the Shareholder's view, the current board and management team have consistently failed to act in the best interests of shareholders and have lost credibility through their chronic failure to create shareholder value. Lorne Harder, President of the Shareholder, has asked to join the current board of Directors of CASCADERO, however was rejected by Mr. Brian Causey, the current President/CEO of CASCADERO. Currently, CASCADERO only has two (2) Directors, Mr. George Gale, and Mr. Brian Causey, which is evidence of poor corporate governance and in contravention of TSX Venture Exchange rules.
CASCADERO's cash position is at critically low levels. Immediate changes to the board and management and cost reductions are required in order to salvage CASCADERO, not to mention the shareholders' investment in CASCADERO.
The Shareholder is also convinced that a new board of directors is critical to align the interests of shareholders and management. The Company therefore intends to work to install a new slate of directors, which will include Lorne Harder. As noted above, Mr. Harder, as the sole owner of the Shareholder is the direct/indirect beneficial owner of over 9 million (5%) of CASCADERO's issued and outstanding common shares.