RE:RE:Another lost summer for LaivaWas it ever traded? With a billion shares, what % was traded to be called tradeable shares in the first case. And if the liquidity was so pathetic, might one ask why? well clearly genuine free float is not 30% if brunswick owns 70%. It would look 30% on paper but is it really 30% ??. lets see. 7%=Wessons, some 7 or 8% = Pandion. Board guys before Wessons had some ownerhsip. Say 5%. 10% is actual public free float . So pandion consortium controls 20% of the company and an imaginary debt position.
Well materially criminality of wessons will annul their 7%.7% less dilution cost saved. So 13% that still lies with Pandion and Past board guys before Wessons. 740K swindled. No big deal. 1000 ways of getting it back to the system without dilution.
So materially Wesson's swindling does not have any serious impact on the company. Whats imp to note is the crriminality of his actions which is obvious gives a pivot to Brunswick team in dealing with Pandions imaginary debt as there is a legal link between pandion and wessons. Thats what the game played out there is all about. And this game is played in Finland NOT in Canada. Imaginary debt is supposedly positioned in Raahe OY owners of which is Pandion. Source of lending is Otso OY where the mine is positioned (read gold offtake).
Now get onto how 17M went out in 2019 and if not all much of Brunswick 17M is out until 30 Nov 2021 courtesy wessons. Now look at the pattern. 34M out (1000000000 shares invented against massive shareholder dilution cost with no reward = enough legal skeletons to be dug out), 20% (less 7% =13%) with pandion control. So whats the trade? 87% approx with Brunswick (if all genuine retail are with brunswick) against 13% in Pandion control + Imaginary debt of pandion (Read 29M).
Assumption : Pandion has no risk on the table. All risk taken out. Essentially pandion's is a free lunch game . Right!. Pls note much of this 13% and 29M creation in Pandion's favor has NOT been the action of Wessons but of the board before Wessons. Wessons joined the party to invent 1000000000 shares at the cost of Brunswick risk of 17M and the abnormal shareholder dilution. Wessons reward was 7% shares and some hefty agency fees.
Given this equation, There are many approaches to annul Pandion, Lionsbridge and Past Board interests from OTSO at ZERO cost and have a fresh clean listing at a better price discovery. Lionsbridge is done and over with. Through Lionsbridge's criminality the game is to go towards Pandion-Lionsbridge-Past Board link. This related party link ought to be bursted and it can be.