grey zonesThere are so many murky stories here which have developed since the most ridiculous ouster of the company's CO-FOUNDER and harsh continual treatment of same. We are now coming up to the AGM which I consider to be rigged in favor of management due to the TSX approval of the company's egregious decision to issue 60 M more unnecessary shares in order to cement their win which goes against a large group of shareholders who hold a contrarian point of view. It is not a fair contest by any means. The private placement associated with those newly issued shares must be cancelled in all fairness.
The fairness part is tied in with the rules and regulations part. It is understood the rules underlying an offering to subscribers must be accompanied by factual company information. It is clear to me that it was not accompanied by factual company information at the time of the offering and should therefore be deemed invalid. The selected investors probably don't give a damn since they were "selected" in any case.
The other murky point yet to be clarified is: what were the sound business reasons given for this unnecessary Placement? Does the cfo answer for this? What possible sound business reasons can be given when a large block of shareholders are diluted by close to 40 %. ?
There is way too much murky muck with current operators and believe they should all be detached from Fancamp, with ZERO compensation.