Excellon's 'Annual General Meeting' tomorrow Although there were many questions concerning Excellon's actions and inactions I believe need to be answered based on posts on this board, I narrowed them to 5 simple questions for anyone going to Excellon's 'Annual General Meeting' tomorrow to ask:
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Why did you not give shareholders the opportunity to vote for the many options available to pay off its Debentures including the selling, leasing, optioning out and/or spinning off its assets, but Instead gave them only one option which was the Debenture Restructuring Agreement after the Debentures were past due?
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Why would you even consider increasing Excellon's outstanding shares from 22 million in 2020 to over 108 million today, diluting thousands of its shareholders equity in Excellon and taking controlling interest away from them and giving it to a few Debenture Holders?
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Why wasn't financing secured from Debenture Holders as part of the Debenture Restructuring Agreement to at least fund basic operations and priority projects but instead left Excellon with no financing and vulnerable to insolvency, bankruptcy and/or foreclosure?
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Did you get shareholder approval before you amended the Debenture Agreement in 2022 changing the security from to 'Properties in Mexico' to the 'Kilgore Project' increasing the financial risks to its shareholders?
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Who are the individuals who own these Debentures directly or indirectly, how many of Excellon's shares have they received to date and are there restrictions on selling them on the open market?