OTCQX:CBLLF - Post by User
Comment by
lumpy13on Aug 17, 2019 7:08pm
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Post# 30040079
RE:OSC
RE:OSCIt's incredibly frustrating being a shareholder in KBLT. We have a near term deadline and are getting screwed over from every direction.
If the deal proceeds Pala gets the best CO assets at the bottom of the market and mgmt gets a big payout - Milewski almost $10m alone - while continuing to 'manage', meaning having the ability to continue to screw over shareholders of Nickel 28.
If the deal doesn't go through Pala gets a $15m drop dead fee. Oh yeah, Milewski was MD of Pala while CEO of KBLT. So either way I'm sure he's richly rewarded.
Not sure if NYSE or Nasdaq would be any better in the short term, but they couldn't be any worse. (I have seen a few similar cases over the years with the NYSE, but they took a few years to act, and by then the minority shareholders had already been screwed.)