Buying votes?According to Peter Smith's latest reporting, it would seem that Fancamp's current managemnet is trying to buy Champion's votes (12.64% of FNC) by giving away Fancamp's assets at discounted rates. It's time to get those guys out. VOTE GREEN!!!
Below is an excerpt from the July 12 news release by Peter Smith that is not shown on the FNC website:
"If, in fact, the Fancamp entrenched board and management had the overwhelming support of shareholders, as claimed in Fancamp's July 9, 2021, press release, they would have proceeded with the AGM on June 29, 2021, as scheduled. The company has now announced this agreement with Champion, which in all likelihood comes with Champion having to vote their shares in support of the entrenched board and management. The truth is the entrenched board and management obviously do not have enough votes to win a fair and properly conducted AGM. They postponed the meeting to buy time as they figure out other ways to disenfranchise shareholders for their benefit. In a drastic attempt to entrench themselves further, the entrenched board and management are willing to, in an attempt to buy votes, trade assets at highly discounted valuations and offer various inducements to large shareholders to change their vote. It's unfortunate the entrenched board and management do not feel they have to abide by any rules and that they are free to do whatever they want, whenever they want."