RE:RE:Wonder where this is coming from? You are very welcome, pp Really unbelievable details!
In thoroughly reviewing the documentation contained within the GSFC COURT BATTLES WITHIN CANADA tab and in particular Mr. Rowans affidavit, I am left asking myself how this outcome was even remotely possible.
When elected in 2017, Rowan, Matson, and Zachanowich were 3 of the largest shareholders of Karnalyte Resources but were also 3 of the most suspicious shareholders of GSFC’s intentions and precisely why they joined the initial CSG in 2015.
Their views regarding GSFC can be very easily verified in their Stockhouse post contributions in 2015 / 16, and in large part why they were elected in the first place.
In no uncertain terms, they were elected to protect shareholders from GSFC gaining control of our company, and when including Mr. Szabo’s vote at the board level if needed, there were 4 votes against GSFCs 2 in the boardroom leaving no possible chance of GSFC pulling a fast one.
Mr. Phinney was relentlessly blamed as the reason for stalled negotiations in 2016, and it was absolutely no secret to the new directors or the GSFC reps that the newly elected board was given 1 year to get things moving in a positive direction with GSFC financing or face the consequences of all of them being voted out at the 2018 election.
We all witnessed the attacks on shareholder hysteria leading into the 2018 AGM when the promises of moving forward did not materialize, and as a result of the calculated and strategic chaos, the incumbent board remained in place.
When considering 3 of the 2017 elected directors had deep rooted suspicions that GSFC wanted control of our company, how is it even plausible that they would ever consider voting in favour of a 2018 Rights Offering allowing GSFC to almost double their voting control at the expense of the remaining shareholders who saw their voting rights diluted by 50%.
What did they actually think was going happen once GSFC gained control?
It has always been shareholders not named GSFC biggest fear!
Even more outrageous, when considering prior to the Rights Offering announcement there was an ongoing investigation into director conduct, and with it a very real chance that directors may be asked to resign, resulting in GSFC’s complete domination of the boardroom as well.