RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat upDont know if its that they were too cheap bk, or the fact that shareholders not deemed insiders made it very clear they didnt support the direction the company was going at the 2018 AGM and some of the directors paid attention.
The Rights Offering Backstop was likely very strategic in nature as well, knowing shareholders not deemed insiders would not participate in great numbers, and they didnt.
Essentially control of the corporations only potash asset was leveraged for $2.4 million to pay for a Nitrogen Feasibility Study that very few shareholders supported not deemed insiders.
Really makes you really wonder about current Managements comment made in their 2020 Information Circular regarding those pushing the Nitrogen strategy
"Given the lack of critical skills and industry expertise within the Dissident Director Nominees and a lack of any vision or clarity regarding the Dissident's potash plan, it is fair for shareholders to wonder if the Dissidents' plan is actually to abandon the Company's potash project all together to focus exclusively on the nitrogen strategy.”