RE:RE:Tactical studyThe CIA non recourse and stress the "non recourse" part was a give away imo for the 22M FNC shares held by Champion Iron.
The give away refers to a very bad business decision and goes hand in hand with incompetence. There must be a record of the transaction in Champion's financial statement somewhere but the twist with barbs on is the deal was announced between the Swiss FNC director Mehra's private company and Champion. The optics are terrible.
The other unanswered question is did each director on the proxy gold team actually pay for the release of their own options prior to the AGM? It's nice to have rich buddies and maybe it is all above board but does not help shareholders when the vote count gets stacked in a hurry against an opposing side. Is there a rule about this sort of action or just another benefit of being a director?
The movie would be a blockbuster no matter who was in it.