Post by
Hiddensecrets on Jul 15, 2021 9:30am
RECO buyout to proceed / Settlement with Maleki
News this morning of a settlement agreement with Eskander Maleki by issuing to him options and warrants for consultation work.
Given the timing of this settlement agreement I suspect that it was Eskander Maleki who launched the petition in the court, whom had the vote delayed because he wanted to negotiate an agreement with RECO for consulting work that he was owed in ROE.
It looks like their was some hard negotiations and, both parties agreed to a settlement this morning putting this issues to rest and, I am certain putting the petition to rest too.
Buyout was approval and, is slated to close with the TSX on July 21, 2021.
It goes to show that when you have money, or access to money, like RECO has, there is always a power struggle.
This uncertainity is now laid to rest.
I suspect that Maleki settlement is due to ROE Mexico fiasco which RECO did not want to have to carry over to them.
mpo
Comment by
NonCredibleSrc on Jul 15, 2021 9:48am
Is there a link to this info available please??