RE:RE:News updateApparently Blair Jordan has turned down a few offers from bigger LPs that would have been beneficial for the company and shareholders. I don't know why he would have done this but he has probably got his own motives to sell the assets to a company that he has a stake in, or who knows what else.
I think he's going to be facing some legal troubles soon for his mishandling of this situation, especially if he prolongs this even further, wasting time and money. His role as Interim CEO was meant to be looking into getting the license reinstated. He has no business selling the company or its assets. He appointed himself to the board and was not elected. This is why the original executives and majority shareholders are attempting to take over the board and remove Blair from it. I have no idea what Blair's motives are but he's demonstrated they are not in the best interest of the company.
If they can take over the board, they should be able to sell the Canadian assets, or seek to get the license reinstated under a new counsel, and turn this mess into something positive. There is still hope of redemption if this can get sorted out quickly.