RE:RE: GSP Announces Mailing of Meeting Materialsbtb, you are obviously a rational thinker that understands corporate inner workings, but some of your conclusions are curious to me
Gsp directors are required by corporate policy to purchase $100,000 in shares in order to sit on the board, so the thought of being removed from the board to open a spot for someone else would create a concern by any director who dropped $100K to be a part of it, would it not?
Secondly, Gsp just completed a private placement at the end of 2022, and although it was not fully subscribed, they did manage to raise approx $1.8 million dollars to keep things moving along.
According to the latest financials just released last week, the corporation had $312,000 cash remaining in the treasury as at March 31, 2023 so it would appear between Jan 1 and March 31, 2023 almost $1.5 million was allocated.
That was 2 months ago, so is it possible the latest non brokered private placement announcement to raise $800K has no cryptic message other than they just need the cash, as $300K wouldnt last long when the previous 3 months burned $1.5 million?
As far as HELM is concerned it appears there is still a couple million dollars remaining on the Credit Facility, but didnt HELM announce it withdrew from the 33% K-Clean venture?
Was that withdrawl by HELM brought on by the expiration of the $280 million debt facility by KfW IPEX-Bank and Societe Generale, as that debt facilitynwas a key component to the Tugaske mine financing?