Chinook GeoHorizon was not trying to peal away cash. They put their own skin in the game and IMO were just trying to manage the cash better than the then current BOD.
They went for appraisal rights and cashedout their shares thru the court, legally.
Correct me if I am wrong. The current BOD, at least some of them went into this Fertilizer deal. The market values the Fertilizer deal at about ZERO. Lots of money was spent down there. Over the past few years. Company is still trading for a bit less than the cash.............but now today a great portion of that cash is GONE BABY GONE!
Then came the next round of dissidents and the Rusty Boat mining the sea floor in Brazil.
They go offshore on purpose to remove the cash from the company so that you or another shareholder, IF you hire the lawyers to go after them, find it too difficult and costly to chase them in Brazil or wherever.
The companies are not legit, never were. They call them "arm's length" transactions with 3rd parties offshore, but they are not. Aphria was/is the latest example of this in Canada, and a large cap, and the latam transactions were worth hundreds of millions in stock. The company is running cover for them(the less than arm's lenght transactors) with the latest PR about the "investigation". It is a whitewash. The two directors/officers there DID have undisclosed interest in the LATAM assets acquired for stock. You know of course what the directors do with the stock, now held by the private Co's in LATAM. They sell it. Of course, on the open market. That is what would have happened with your Prima Seas deal. THe Private coin Brazil sells the stock in the open market while mgmt in Canada keeps pumping the merits of the deal.
ANY legit company instead of burning thru cash year after year would have sold the remaining assets and liquidated. THese guys "supposedly" kept pumping money into cap-ex for the fertilizer business. Whom did that money go to...........Private co's in South America.................
IF Bullrun is worth their salt they will go after every dime of it. The last $7M or so in the past few months since the September 2018Q is just the latest example of it. Once they control the company they can at least examine the books and figure out where to go look for the fertilizer $$$ that was spent over the past fewy years..............Good luck.
Whenin doubt you always vote for the people with $$$$ in the game. The current mgmt had about ZERO skin anddid not buy shares when trading for about 50-60% of cash value..............???? Tells you EVERYTHING you need toknow about their true intentions.............
Perhaps BullRUN with their connections to the RCMP and do a real investigation and bring all the dirt to the public light. Best regards, BW