Next stepsThe company needs to come out and disclose what was proposed by GC, why they disagree with it, and whether it will in fact go to a vote at the AGM (and be included in the info circular). I am not sure about the rules, whether his 10% means they have to include his proposals or not. GC has done this before, so I assume he knows what he is up to from a legal procedure point of view.
It was a little surprising that this morning's press release stated that he delivered two proposals for the circular, but doesn't tell us what they were. Nor does he mention any specific criticism or point of disagreement with management. Maybe he is planning a second press release.
Wild guess - he wants them to stop making acquisitions, maybe sell some assets (real estate?) and/or put the company up for sale.
The suspense!