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Advantage Lithium Corp AVLIF

Advantage Lithium Corp is engaged in the acquisition and exploration of lithium properties. It operates in single segment namely the exploration and development of unproven exploration and evaluation assets. The company's principal business objective has been the identification and evaluation of companies, businesses, properties, or assets with a view to acquisition or participation therein. Its projects include Cauchari; Incahuasi; Guyatayoc; Antofalla; and Clayton.


OTCQX:AVLIF - Post by User

Comment by Jman1076on Mar 20, 2019 12:46am
94 Views
Post# 29509330

RE:RE:Sidoo steps down as CEO of East West Petroleum

RE:RE:Sidoo steps down as CEO of East West PetroleumThisstockbites: A little more background on why 3 members including both David and his son, Dylan, troubles may just be beginning. With David Sidoos indictment, he has stepped down from the President and CEO position at EW, but has installed his son Dylan as the CEO. This son is one of the sons for which David Sidoo paid a outside person to take college entrance tests that lead to his indictment. So we have an BoD member who remains on the Board, his son who was appointed by him to the CEO position who happens to be one of the central figures in the crime. Meantime the EW BoD controlled by the Sidoos have cancelled ASM and SM where stockholders were expected to vote down the reverse merger and withhold votes for these unethical BoDs. In addition to the college entrance scandal, David Sidoo, his son Dylan Sidoo and Richard Demarre were members of both the Seaways BoD and East West Petroleums BoD when EW purchased Seaway stock. The same thing happened when Advantage Lithium stock was purchased using EW assets. At that time David Sidoo was a member of both BoDs. These three Directors are trying to do the same with the Juva Life deal which they plan to use $4 million dollars of EWs cash to purchase about 10% of Juva Life stock. My question with all of these deals, is which company do they represent in the transaction, EW or the other company. These actions represent pure double dealing. Bottom-line EW stockholders are being taken advantage of by 3 ethically challenged BoD members. Is there any way that we can request that David Sidoo, Dylan Sidoo and Richard Demarre resign from EWs BoD. The best way forward may be to share this info with interested parties both at Canadian and US agencies as well as court personnel. I suggest Advantage Lithium also find ways to remove this unethical BoD. You will be on far better grounds in the future either as continuing as a thriving business or selling to one of the big players in lithium. Clearly if he remains on your BoD you will need to determine on each future deal whether it is good and does not include self-dealing.
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