RE:RE:RE:RE:Share acquisition LordNathan wrote: This voting trust signifies one of two things. First, it could possibly mean that health Canada has fully revoked the liscence (or these former officers are predicting this outcome), that presumption is based on the fact that these guys were essentially asked to keep arms length from the company in the hopes that would rectify the alleged malfeasons committed the co. There is no way in hell that Health Canada is going to be tricked by the fact that Drew Malcolm is being used as a strawman for the concerned shareholders to gain voting majority of the company. That said, the voting trust must have been formed in anticipation of revocation, and these guys have a plan to develop the company and move it in a more global tragectory.
Secondly, the guys could just be so pissed and want to attach themselves to the company in order to elicit a full revocation of liscence in a vindictive move. However, this is unlikely as they hold 10's of millions of dollars of shares in the trust, and have some skin in the game.
Considering how many shares these guys assigned to the voting trust, it seems like they have a plan to build the company back from here using international avenues. Because there is no way health Canada is going to be fooled by a voting trust, when one of the stipulations of re-instating the liscence was removing these officers; now these guys have control.
My prediction: health canada full revocation, and these guys back on the board persuing an international agenda. Stock price factors in loss of lisence so they have nothing to lose, and only control to gain.
I have halved my position.
I think you're right on the money. I'm pretty sure all the people involved know that the license is not being reinstated. I don't think HC had ever asked for these guys to resign, that was just their move in hopes that that was what HC wanted. Now that they see HC isn't going to reinstate, they're moving back in to take the company back.
Without the license, Canadian operations are dead. So they'll want to sell Canadian assets and take that money to develop business internationally, and probably further develop whatever it is they already have going in the States. I don't have a ton of confidence that this will be successful, but it's possible that the share price won't totally tank because of this so I'm a bit tempted to hold for now. I might want to half my position as well just in case.