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Bullboard - Stock Discussion Forum Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash... see more

TSX:KRN - Post Discussion

Karnalyte Resources Inc > Wonder where this is coming from?
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Post by mdjbrown on Aug 28, 2021 8:47pm

Wonder where this is coming from?

Comment by patospower on Aug 30, 2021 3:54pm
Thanks for the link Dan. It makes it a lot easier to get to read the affidavits without jumping through the queen's bench hoops. Too bad it only relates to the concerned shareholders' activities, I'd be curious to read Mr. Phinney's affidavit(s) in his own litigation to obtain a better sense of that story. Now, I've read end-to-end all of the affidavits. It is more or less ...more  
Comment by mdjbrown on Aug 30, 2021 4:29pm
You are very welcome, pp    Really unbelievable details!   In thoroughly reviewing the documentation contained within the GSFC COURT BATTLES WITHIN CANADA tab and in particular Mr. Rowans affidavit, I am left asking myself how this outcome was even remotely possible.   When elected in 2017, Rowan, Matson, and Zachanowich were 3 of the largest shareholders of Karnalyte Resources ...more  
Comment by patospower on Aug 30, 2021 5:54pm
One point that is weird Dan is that per paragraph 43 of Wheatley's affidavit he requested the resignation of 3 directors after an investigation which per the Jan16 2019 press release turn out to be Szabo & Matson (Zachanowich being the 3rd), two of the concerned shareholders. Is there information behind what happened there?
Comment by mdjbrown on Aug 30, 2021 8:45pm
pp, I am very limited as to what I can disclose as court transcribed questioning will be commencing shortly after Sept 8, 2021 when the Affidavit of Records from the defendants are due. Of note, the below mentioned allegations were officially made at the end of November 2018, and unofficially much earlier by one respondent.   The following statements made directly by Karnalyte Resources ...more