Encanto Potash Corp V.EPO.H

RE:RE:RE:Link to Story

[Alpha101]

My understanding is the part Horgen owned was part of their payment for services and they pledged to vote with Encanto so that epo would always have control of the company with 51% votes.  I don't believe it  had anything to do with takeover bids and I fail to see how it would help to prevent a takeover.

With regard to the Horgen agreement, it was signed about 4 years ago when Stavros/Horgen was just a hired consultant employed to negotiate an offtake and financing for the Musk mine.  A great deal has happened since then, including Stavros becoming the CEO of Encanto.  I don't even know if that agreement is still in force.  It could be or it may have been voided.  I don't know but, personally, I think it's probably no longer in effect....just my guess.

Stavros seemed confident that whatever he has in place to avoid a takeover will be very effective.  I can think of a couple of things that would make us bullet proof.  I'll trust him on that.

I'm going to ask some questions tomorrow because the mou suggested supplying potash 'immediately' and 3 or 4 years is not 'immediately'.  The Musk mine can produce 5 million tons but they have contracts for 7 million.....I want to know about the trading company which is more of an issue for me than a mine that's maybe 4 years away.  Good luck!