frontera ownership of CGX shares What is painfully clear now is that Frontera could care less if there ownership of CGX shares become worthless. The "bigger" goal this whole time was to continue obtaining larger working interest in Corentyne for rock bottom prices... and because they have owned >50% of CGX, they have effectively eliminated any opportunity for CGX to negotiate with outside parties without their agreement.
Just watch them take over CGX completely now for pennies on the dollar, only to then sell off their portion of Corentyne later for a real return.
Never would have I imagined that after two major offshore discoveries and a port slowly coming to completion that CGX would be sitting with only 27% working interest and a share price ~$1CAD.
Like I said yesterday, I hope anyone attending the AGM absolutely rips the management team and board of directors to shreds. Millions of dollars are being paid to these losers and they have in essence been played like a bunch of clowns. They all should be fired and publicly shamed for how useless and stupid they truly are.