Straight from the horses mouthD23 and others, great post from Aallyy on the FNC BB.
Post by
Aallyy on Jan 31, 2024 8:25am
Garbage press release with smoke and mirrors
The closed placement does not say it has received approval from the TSX!!
The reason the asset base has grown is because they have done insider arrangements with each others companies.
Fancamp does not control Magpie and the only reason it has such a high percentage of shares is because it bought Pat Sheridan's interest after he died. It is a PRIVATE company. It is their own legal counsel who advised them!
The Champion holdings exist because of Smith. They continue to harass him with defamatory statements in each and every MD&A They are using shareholders money to pursue inane legal actions against him.
Their words cannot be dressed up or disguised any further. The placement will devalue shareholders by 37% !!! There is nothing good about how this company operates.
It is imperative this nightmare of a company hold its AGM without the count of any placement shares.
THE AGM IS OVERDUE.
Do your own due diligence, maybe start looking at the trails of board members and management. Best to take protective gear.