truthin truth the court did not address many of the KRN aligations in its recent verdict. if it had we may know more information.
how much money Mr Phinney would take out of the KRN family for the Mg plant
how Pot Co would impact the KRN value
The board of directors at the time felt the proposal was not in the best interest of shareholders.
move on. let it go.
When I look at the capital markets, two things are constatly come up in my thoughts:
Directors and management of most companies enrich themselves with stock options and warrants. buying and selling them each year diluting the companies value and demonstrate a complete lack of trust in the future investment potential. thankfully I do not see too much of that happening at KRN since selling shares reduces control and influence.
Named executives compensation is often way above reasonable. The executive branch should have the interests of shareholders but I rarely see it. look at the CEO of Hudson Bay for an example of enrichment. Ask yourself this question. did HBC shareholders give a salary to the CEO to spend time developing a proposal to purchase the company and take it private. I would think that is a conflict of interest. Named executives are employees of the shareholders... its not their company unless, as in HBC case, they buy it.
KRN is mired in the mud of court cases, law suits, inaction, greed, and who knows what is motivating the CEO, CS group, GSFC, Dan Brown or Mr Phinney.
I will tell you what motivates me:
We need more food to lift people of the world out of poverity and that requires fertilizer! That is why I gladly purchased shares at $3 $2 $1 $0.5 $0.2 and at 17 cents and will continue to do so. May I suggest that all of you do the same. Buy more shares.
Howlong