Peyto Exploration & Development Corp T.PEY

New Press Release - Peyto Exploration & Development Corp. Announces Results of Directors Vote

CALGARY, Alberta, June 13, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated March 28, 2023 were elected as directors of Peyto at Peyto's annual meeting of...read article.

[houbahop]

I wonder how they will react to this. I guess some big shareholders were becoming sick of these bad decisions destroying so much value to this otherwise fine business. Statu quo is no longer good enough. Hopefully they will make the few changes needed to become a truly public company.

[stockmarket1]

Are you referring to the 2 that never got re-elected or the whole list in general? 2) how do you feel about it? 

[bttmfischer]

What do you mean "the 2 never got re-elected" ? The press release clearly stated that all nominees were elected at the AGM. Three were two former board memebers, who did not stand for re-election. For that reason they were not on the voting list.

[stockmarket1]

Correct. That's what I meant. The 2 that were not re-elected. 

[bttmfischer]

How can you elect someone who is not on the list of nominees? It is absurd  even to postulate.

[Quintessential1]

Honestly. I do not see any change here.  Every director that management put up was elected including Don Grey, Darren Gee and JP Lachance.  It looks like the CFO wanted a break but aside from that it is same old, same old business as usual. GLTA