Gatekeeper Systems Inc V.GSI

Just Saying

[Seraphim1]

Did it ever cross anyone's mind, including Doug's that this unsolicited offer could be nefarious? 

WHAT WE KNOW;
-foreign actors make unsolicited offer of $1.00
-stock purchase offer has a huge and unheard of premium 
-stock shoots up to offer price
-closing of offer gets delayed several times dragging out the timeline.
-uncertainty starts bringing share price down
-timeline keeps getting extended with a December 01 deadline
-stock corrects ~33% from high
-if deal fails stock could correct substantially

WHAT WE DONT KNOW;
-who is behind the offer
-from what country are the ppl making the offer (within the reach & jurisdiction of our regulators)
-are these ppl profiting of GSI stock, since they are solely controlling the price action.
-could they have gone long before making the unsolicited offer
-could they have shorted the stock, when they delayed
-could they be the short assassins when the deal ultimately fails on December 01.
-are they completely free of any consequence, if they are outside the reach of our legal jurisdiction
-are they taking GSI for a ride
-are they taking GSI investors for a ride.

I think that Doug owes us more information, and should at least disclose who these ppl are and from what country does the offer originate, so we can make an informed decision.
Transparency is the key for us investors, and this deal has been shrouded in secrecy.

IMO, this whole thing is starting to reek and I smell a rat.

[robert41]

Interesting theory! No one does this deal without substantial investigation into who's behind the money. Seriously! 

[Torontojay]

I thought about everything you just talked about. Sure something like this is possible and Doug may not even be aware of this but he has to disclose this information to shareholders of this unsolicited offer. 

[Torontojay]

I even thought of the idea of money laundering. Doug receives a briefcase with 6.5 million in exchange for share certificates. They save some on taxes and with warrants attached it becomes a favourable deal. 

[Seraphim1]

  Money laundering was the first think I thought about. But there are so many other nefarious games they could be playing to make a buck. Hopefully before Doug even gets behind the negotiating table he would demand that the 6.5M would be put in an escrow account with his lawyers.  Im hoping this is going to end well, but I don't like it being dragged out to the 11th hour. 

[itwillbeoknowok]

This post has been removed in accordance with Community Policy

[Torontojay]

Anthony Jackson the former cfo of Gatekeeper was involved in a scandal of a cash swap scheme. He was the cfo of Gatekeeper in 2017 I believe.  https://www.tricitynews.com/two-primary-architects-of-bridgemark-group-cash-swap-scheme-bcsc-claims-1.24155587

[Torontojay]

It is old news but he was also at the helm of the last private placement I believe. 

[robert41]

the person or entity only needs to be disclosed should they allow it or their investment puts the buyer over 10 percent ownership in the company. Exro's latest financing apparently has 20 million of it going to one fund in europe but they havent disclosed who. the buyer of GSI shares may disclose but certainly not before closing. lets see if that happens first

[stocksaregood]

I think Doug should reveal the name(s) of the unsolicited group on Tuesday if the deal needs another extention.  I am not annoyed with Doug in anyway but sure am with the group that made the offer. You would have thought they would had the money on hand and/or paperwork at least started before making the unsoliciated pitch.   I feel sorry for Doug having been put in this position

[Equity4]

Again we can speculate and point fingers assessing blame, but why not wait and see what NR comes out by Tuesday.  Due to privacy rules I do not believe DD can name the investors unless they agree, and they may not for a variety of readons. 

[Seraphim1]

  No more extensions. 01 dec is the final date according to the regulators. it's now or never

[Equity4]

Please advise specifically WHERE you found the IIROC decision to not extend the PP date past the Dec.1 extension date.  while 3 extensions is 3 to many I cannot see and precedent to cancel a PP deal to fund a company.