RE:RE:RE:RE:New Press Release - KWG Amends Option for Equity Conversion by CCCThe connection between the two companies is Rajesh Sharma, on both boards.
He is also on the board of fellow FNC's directors' companies EDM, Platinex and NeoTerrex. He was put in place at FNC by Mehra, Billings and Ankcorn in 2020. It was the classic Julius Ceasar story and although they didn't physically take down Smith, the continual defamation against the guy who Co founded the company in '86 is out there and although counter challenged can't be easy for anyone in that circumstance. They play dirty and it shows. The recent selected private placement with a mysteriously delayed AGM is a prime example.
The deal they did with KWG/CACR remains to be seen how it will turn out and would imagine Frank Smeenk has had a few surprises from FNC which has slowed his plans down where a plan of arrangement or merger with them is concerned. Perhaps he will find a navigable route without them. Let's hope so.