RE:Wow!after read below carefully:
Offsetting the strategic advantages noted above are the current unfavorable market conditions including: current potash prices, low interest level from financial institutions, and limited capacity from the current shareholder group and the majority shareholder of Karnalyte to finance the Potash Project. Such unfavourable conditions could be overcome by attracting another strategic partner with a strong presence in the industry and a long-term development vision.
The Board and Management are actively assessing the recommendations in the Report to continue efforts to seek out and attract a major industry partner with a sound financial position and long-term strategic vision to produce and deliver this high-quality potash product to North American and global markets. These partnership options could include any or a combination of an equity offering with which to build out the Potash Project, royalty financing, debt financing, long-term off-take arrangement or other strategies. Discussions with a number of potential partners are in progress.
why now? what did they do the whole wasted years? is it serious now to find another new strategic partner? settle all the lawsuits and find new strategic partner sound good. why not increasing the board numbers after found the new strategic partner? it's just nonsense increasing the board numbers while GSFC still have board control (thank's to stupid, selfish, greedy faked CSG).
why not doing the due dilligence, proper research first for the nitrogen project before rights offering? oh yes, to trick majority of small shareholders, took voting control. nitrogen or no nitrogen is second issue.
and what the government / securities commissions do about it? nothing! not their concern, just sit in front of computer.