Post by
mdjbrown on Jul 21, 2021 9:48am
If there is any bright spot to the lawsuits, at least
they can provide a vehicle for shareholders to learn the truth about their investment.
The initial Originating Application filed by Karnalyte opened those doors, and as a result shareholders have had an opportunity to get a lot of facts through court pleadings.
A January 28, 2021 Affidavit provided by a past CEO includes shocking claims where GSFC is concerned including allegations of shakedowns of a CEO of a potential interested nitrogen party for $50 million dollars.
Question is - If true, why is GSFC involved at all in the negotiations of a Karnalyte Resources business venture not related to potash?
Sounds eerily similiar to the reported interference issues Mr Phinney had when trying to get his magnesium project off the ground!
This fall will be a very interesting time for shareholders seeking the truth, as legal proceedings will see past Directors and Executives answering hours worth of questions under oath about their involvement and decision making going back to 2017.
Those answers will become public information once filed with the courts, and shareholders will be able to review them to make informed decisions. I am hopeful a website dedicated to sharing information including court docs with shareholders will be available by that time.
There are a lot of rumours floating around that shareholders want to see GSFC held accountable for their part in the last 8 years of chaos, and hopefully past Directors and Executives having to tell the truth under oath will assist in holding those responsible accountable, as shareholders deserve at least that.
Should be a very interesting fall!