MagIndustries Corp MAAFF

MagIndustries Corp is engaged in development and exploration of potash salt deposits. The company has two business units: MagMinerals and MagForestry. It is primarily engaged in the financing, developing and placing into production or operation of the projects such as potash plant, a potash exploration and eucalyptus plantation and chip mill. Geographically all the operations are functioned through the region of Canada.

GREY:MAAFF - Post by User

MagIndustries Corp

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Comment by jojorogerson Jul 08, 2011 11:03pm

319 Views

Post# 18813430

RE: RE: RE: The Question Is....

Question: For the smarties on this board. If it is stupid be gentle.
Please share your wisdom. If this deal has no chance in going through, why is it that all votes were passed in favour of management in the annual meeting. Shouldn’t the vote to keep management and the evergreen purchase be tied together? Yes I know that only 27% voted. The postal strike cannot be blamed. Ok maybe for some retail holders but I would think this is relevantly small. The big holders would definitely vote no if they wanted to. Why the hell would you allow the clowns (management) to continue to be in the game if you thought the deal would not get done. To keep running this into the ground?? And all the failed attempts to sell the company.

Thanks in advance.

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