RE:RE:RE:RE:So if Dev did not get a majorityWell thats good, I am quite a likable fellow even if I do say so myself.
Just to continue on the majority vote idea a bit...............only a few percent above 50% voted for the merger, and so that number is now very important for the AGM. Given that clearly Dev has been milking the money pot here, and its now very highly publicized, does Dev take matters into his own hands and either return monies to the FCU treasury that were excessive, or take a drastic voluntary pay cut to zero for 2016, or face the possibility that he gets less than the 50% support at the AGM required of any Director, and is then forced to resign.
Interesting dilema he brought on himself isn't it? giz62 wrote: Sudzie, I'm actually starting to like you...LOL
Sudzie wrote: THe financing that was done last spring must have had a prospectus on what the monies could be used for, mainly drilling I would expect.
But the money had barely hit the bank, when Dev had proposed and sealed an arrangement subject to shareholder approval, that would have seen some of those monies going into a merged DML/FCU company, and certainly towards expense during the fiasco to attempt to do so.
Surely, you can't go to the markets to raise money for one purpose, and then suddenly change the purpose.
So the question is..............has Dev done something illegal, that the Securities guys should look into, and if serious enough, could that diqualify him from being a Director?
Surely, the NXE chearleaders here, must know an answer to that.