RE:Oatsfossi_2002 wrote: If Oats doesn't take part in the vote, Gilles will probably not reach the necessary majority - and Proph... could lose his next salary. Gilles could have saved the money. Proph... was unable to convince any shareholder of your fantasy. Even the most beautiful fireworks are of no use.
If I recall correctly OATS group of shareholders own about 9M shares. If they abstained from voting for Gilles at the last AGM, he could have been removed from the board as he would have had <50% of the FOR votes.
They could abstain from voting this time as well, but IMHO they have to send a clear message and
VOTE no to this sham merger and Gilles' performance over the past 10 years plus. How dare that he puts forth this sham merger which is only self serving and something CEAPRO doesn't need, this was said 2 weeks before the merger announcement.
“While the base business has been significantly impacted during the first nine months of 2023 due to various economic factors and organizational changes in one major customer, we remain in a solid financial position and will continue to focus our efforts on the development of new products and technologies using cash in hand while continuing to assess different market initiatives to grow our base and create new business with new products and customers,” concluded Mr. Gagnon.