Rollback complete - now 90% less shares and down 40% todayShare price "drift downwards" now on folks, down 40% today already.
With no plan/program nor cash to support share price (company insolvent) could drift under 5 cents/sh now fast wiping out ALL shareholder value, before the so called "financing" in news release and takeover of company comes possibly stripping Vanadium resources and VEPT assets (if any) from us shareholders and spin them out to another public company?
Watch for these possible events soon - looks like their plan from day one? These rumours were flying years ago that current board members Sokhie Puar (call Else Nutrician head quarters in Isreal, don't call the Vancouver office- Puar's BABY.V deal and google his name and look at his track record in the markets on deals) to see how BABY faired with Puar on their Board? and the REMAX Realtor John Hewlett on the board forever - both these guys wanted to strip VRB of its assets for a long time apparently in a "spin out", hence the apparent neglect of their fiduciary duties? And McGuiggan is involved in more deals than you can count - so he has no time, other than to bill VRB with his Sagestone consulting company apparently huge consulting fees to milk the treasury (all your investoment dollars you put in) dry - that's all they have done it looks like.
Sure Bakker had his problems, but he has all the Quebec and First Nations connections. McGuiggan doesn't have them. So nothing will happen since they shut Bakker out.
That's why this board will let VRB die it seems rumours are flying...board behaviour is highly illegal looks like and could breach several TSX, BCSE and fiduciary duty for board governance and even common law folks are telling us...if this happens we could all respond stongly against this board.
Security lawyers could have a field day with this one on behalf of our shareholders folks. Bakker says he has always said to anyone who who listen the majority of shareholders support?
Then why has he let this happen? Maybe he doesn't. Maybe they are fed up too? Does anyone know what is going on with this joke of a company? We should all feel betrayed and lied to.
Who do you beleive anymore?
Anyways, make sure you fight back folks hard against this board's rollback and if it is a planned coup underway, lots of remedies for justice, good luck, FW