RE:REACHING OUT TO CSA: MINORITY RIGHTS To clarify - on one is a saying we should walk away from a deal.
What we are saying (or what OIL_RUN is saying) is that any executed agreement (and the various transactions associated with that agreement) should be predicated on fairness, transparency, and on the basis of full disclosure. Is this not a reasonable request?
I don't blame Frontera - they are looking after their best interest. This is an organization that is highly motivated to purchase assets and / or equity of CGX at the lowest possible price.
However, as part of this transaction, if there are parties who have witheld material information from shareholders - material information that would materially impact the valuation of the proposed transactions - then we have a problem.
I don't know if people keep up to speed on various securities cases out there - but, yes... if there is a deliberate deception intended to deceive another party for financial gain - you could go to jail. It's called fraud. Fraud involves the false representation of facts, whether by intentionally withholding important information or providing false statements to another party for the specific purpose of gaining something that may not have been provided without deception.
To emphasize to all: OIL_RUN IS NOT SAYING ANY ILLICIT ACTIONS HAVE TAKEN PLACE. Ony expressing concern based on the information we (or minority shareholders) have been given at this time.
I would feel more comfortable, as part of this ongoing negotiation, if the CSA did make some inquiries as to motivate the various parties involved to ensure any final agreement that is reached is predicated on fairness, transparency, and on the basis of full disclosure.