RE:FRONT FOUR misleading circularI think you missed it, in addition to other fees paid (see below). Board members of the POA are still board members today, alarming governance practices. FrontFour never dislocsed a $5mm fee, interesting. Budd's fees haven't been disclosed, only the fixed compensation not actual fees paid. Keep in mind, G&A has increased 85% sicne the formation of the SC, someone is getting paid.
"Pursuant to a consulting agreement dated July 9, 2012 between Canadian Phoenix and NBC Canada West Capital Inc., Harry Knutson agreed to provide consulting services relating to identifying and evaluating potential transactions and specifically the Arrangement. In consideration thereof, NBC Canada West Capital Inc. is entitled to receive 1% of the Canadian Phoenix Cash Amount, which as currently calculated could equal a maximum fee of $750,000 payable by Canadian Phoenix upon completion of the Arrangement. "