Post by
RoyallyScrewed on Oct 18, 2011 7:02pm
Deadline today?
Will you get satisfaction, another delay or more vague news?
July 20 NR: "... The Tribunal further directed that if Goldbrook intends to seek an award directing the steps to be taken to restore its 25% shareholding beyond the declarations made in the Award that the Tribunal requires submissions from the parties on that issue. The Tribunal has reserved its jurisdiction to decide all matters relating to costs until any further submissions have been made." Goldbrook was given a chance to present an argument for damages. They didn't do that, so there were no damages? That's very strange to me. They were apparently given 60 days to sort this out. That brought us to Sept 18.
Sept. 28 NR: "The Arbitration Tribunal also found that Jien Canada breached the Shareholders Agreement by approving the September 21 Resolution." Can anyone explain what the "September 21 Resolution" is?
Sept. 28 NR: "In the Award, the Arbitration Tribunal further declared that the Units issued pursuant to the September 21 Resolution are invalid, null and void and directed the parties to discuss the steps that should be taken to cancel the Units, and to use their best efforts to agree on and implement those steps. The Arbitration Tribunal continues to reserve its jurisdiction to determine any further steps that the parties must take in light of that declaration for a further 30 days."
30 days from Sept 18 is October 18... today.
Any thoughts?
Comment by
renno11 on Oct 19, 2011 11:09am
I went to shareholders meeting a few years ago and suits around the table get intimidated with one stranger in the room. So I say go, everyone that can ,Go !!!!
Comment by
k613 on Oct 19, 2011 11:12am
RS,If you go to canadianinsider.com and punch in gbk you will note that as of the dates indicated in September a lot of insiders have bought a lot of shares in the open market at relatively high prices...it is a bizarre twist that they would buy relatively high cost shares on the open market when they could have subscribed to the pp at .15 and the warrant scheme. No?K6