GREY:WFREF - Post by User
Comment by
Reflecton Jan 25, 2016 12:11pm
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Post# 24490689
RE:RE:RE:forebearance extended for another week
RE:RE:RE:forebearance extended for another week
There was no deal with the secret unnamed Communist group of purchasers from Red China (just a hogwash of a proposal) & yet the “Lenders” gave credence to this garbage & allowed LRE to illegally cancel the bona-fide deal with MIE without LRE shareholders approval.
This is a Conspiracy: Secret meetings, unnamed certain shareholders, unnamed purchasers, filings of misinformation & outright lies with SEDAR, sharing of investment info which leads or can lead to market price manipulation etc. And the Lenders are right in the thick of things. The Lenders gave credence to LRE mgt. & the thwarting of the MIE deal & are equally responsible for the missed payment of 100 million dollars. Who in their right mind would throw away 100 million dollars for a proposal without any merit. The Lenders in their greed co-conspired with LRE mgt. by allowing & accepting LRE mgt. cancellation of the MIE without shareholder approval. Possibility of embezzlement arises!
In essence what the Lenders said & accepted was the LRE CEO Andrew, LRE BoD & certain unnamed shareholders are the sole owners of LRE & can do what they please and; the fact that they lied to shareholders & denied shareholders their “right” to vote on the MIE deal was legal & within their rights. Imagine that, Crooks accepting the credentials of other Crooks as bona-fide. Hey, this is Canada.
This is why an investigation is so critical.