TSXV:CAV.H - Post by User
Post by
blue_seaon May 18, 2012 6:23am
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Post# 19924302
illegal board
illegal board Mount Kellett's nominees wasn't confirmed in the special meeting and so they are not legal in the board ... it's like occupation!
Mount Kellett used their moles in the Board of Baja long before, trying to overtake Baja's Board. Starting an internal war, costing the management to much energy to target on the main point: the commissioning and costs for El Boleo. Now CEO, Director and President Greenslade is gone and with him all connections to the Korean Constortium etc. Look where the stock price is, crashed one more time. Mount Kellett have done a real great job in their endless greed.
One could blame Greenslade, but now the shareholders have no nominee in the Board, their are just nominees of Mount Kellett. A new development could arise, the sell of El Boleo. Could be an interesting scenario, and another dirty war started by Mount Kellet, this time with the agenda to outsmart the Korean Constortium which is now totally on the outside of anything. That's a big burn of money here what's going on.