RE:RE:RE:RE:Incompetent CEO and BoardAgain, the point I am making is that I do not trust this management team to do what is right for the existing shareholders.
I think the fact they do not accompany the SEDAR posting with a press release shows that they are not really motivated to keep shareholders informed.
The press release on Dec 18, 2024 from Gear Energy stated "to be mailed to Gear shareholders in early January 2025 and filed on SEDAR+".
I realize there has been a mail strike but the backlogs have been well cleared and to date, I still have not received anything in the mail. While you are right that it was posted to SEDAR on Jan 8th (compiled on Dec 30) I would suggest that many shareholders rely on the information arriving in the mail as suggested by Gear Energy that it would.
Going back to the intent of my original post. I do not trust this CEO and Board. I understand there is no legal obligation for them to make a press release that the information has been posted to SEDAR but you can ask yourself why would they not.
In order to reach the most ratepayers they have issed press releases for far less important information in the past so why not this. Right or wrong, informed or not, the majority of retail shareholders rely on press releases or information directly from the company via mail or email as their primary way of receiving information.
It is obvious to me that Gear is not going out of there way to get the vote from the average retail investor because more than likely they will not support this deal. Unfortunately, this deal is going to pass thanks to the support of insiders and the volume of shares that made it to the hands of like minded individuals after the announcement and subsequent share price decline.
I don't trust this CEO and Board to do what is in the best interest of shareholders.