An editorial choice not to be transparentOnce again, an editorial choice by management and Board of Directors. The press release provides the results of the election of directors but no mention about the results of the votes about the Ratification of Unallocated Options under the Stock Option Plan and the Special Resolution on proposed share consolidation which were filed this morning on SEDAR.
Obviously, D-BOX is not proud that 41.73% who voted against the Options plan. Did anyone look at how many options management is already loaded with?
Same management team who tried to hide a restructuring expense in quarterly financials a few quarters ago and then had to reverse and disclose it before a financing.
Same management team who recently got hacked like amateurs. What do internal controls look like at D-BOX? Where is management, the audit committee and Board.
At these levels, not touching this with a 10 foot pole. Where there is smoke, there usually is fire.