Fancamp Exploration Ltd V.FNC

CIA

[FromSudbury]

In casse anyone is interested:

Final day for voting on contract offer.
CIA up today which could be a positive sign.

[Maxmoe]

Cia ? Pass. I dumped at $6 and change when they announced the conflicted deal with their fnc shares and the royalties. Though they did have the foresight to part ways with mehra early on. 

[Aallyy]

Agree, CIA did the dirty on FNC. All transactional of course but there is no doubt in my mind that Cia had no compunction about - let's screw the fancamp shareholders and Smith who was integral to the beginnings of CIA, because we can,  and get the non-recourse  royalties washed out, cause there is a bitter battle going on and maybe we like Mehra or maybe we don't  but sure

[FromSudbury]

Doesn't FNC still hold about 2.7 million shares of CIA?

[Chequers]

Yes, pretty much a staple of the company and one of the reasons many long riders invested way back when. It is what they (present management) will do next with them. I would like to see  people waking up to what this company has turned into; not good in my opinion. If management would be made to account diligently to shareholders by answering questions like what are the sound business reasons