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Bullboard - Stock Discussion Forum Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal... see more

TSXV:SNV - Post Discussion

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Post by SlyFox1 on May 18, 2022 9:06am

Proxy

Proxy and info circular are out
Comment by SlyFox1 on May 18, 2022 9:13am
Interesting to see 5 board seats being voted on, but only 3 members of management being vote for those seats. Kirk is not one of the people being voted on for a seat.  seems like they could be setting the stage for a merger as copper has been saying
Comment by RoyMax123 on May 18, 2022 9:20am
or he just leave being tired of having no salary.
Comment by copperplay on May 18, 2022 9:26am
Roy he bought 1 million shares at 5 cents and owns another 750,000 in options I believe you would think wants to see them rise in value and cashed out by staying on the board  unless  the incoming company takeover needs 2 board seats  Bill is the wildcard with 13 million shares owned and probably another 10 million warrants and or options 
Comment by RoyMax123 on May 18, 2022 9:33am
Yea, maybe the takeover was supposed to happen, hence the special meeting but it aborted or been postponed for some reason. I hope we'll have some clarification at the AGM.
Comment by copperplay on May 18, 2022 9:51am
If it is a takeover shareholders can finally make some money but was hoping all Sonoro guys gone  Why is Richard still here?  Hasn't enough damage happened for him and shareholders?
Comment by copperplay on May 18, 2022 9:20am
  Georgia?  Hello?  You understand now?
Comment by ark88 on May 18, 2022 12:14pm
SF1, not clear what you're stating here. Are you saying of the 5 board seats only 3 will be voted on? That's not what I saw in the Circular. From what I read all 5 seats are occupied and be voted on. Could you clarify? Thanks!
Comment by ark88 on May 18, 2022 12:28pm
Ok I see now that in the Form of Proxy, only Wadsworth, Callaway and Marpe are up for re-election.
Comment by ark88 on May 18, 2022 12:29pm
So what about Kirk and Atkinson?
Comment by StratCap on May 18, 2022 12:42pm
  should read the management info-circular. Its pretty well laid out.
Comment by copperplay on May 18, 2022 12:54pm
Watch the stock trading closely over next couple weeks 
Comment by copperplay on May 18, 2022 12:50pm
  were they ever involved?  Not surprised 
Comment by SlyFox1 on May 18, 2022 3:11pm
Ya i find it odd Ark, and never seen a board which the CEO doesn't sit on either. What happened to Kirk?  To bad they couldn't do a virtual AGM. Hopefully someone on this board can attend and ask some questions on the future 
Comment by ark88 on May 18, 2022 3:41pm
I agree. Maybe there's a split and Kirk is on his way out. Definitely odd that the CEO is not on the board.  A virtual AGM would've been perfect for our situation so that we could've put some questions to them. But, unless we get a news release beforehand, its unlikely we will hear anything new at the AGM. It would nice to have someone attend to ask the questions.
Comment by copperplay on May 18, 2022 8:46pm
  on his way out was he ever in?  What did he do in the 12 months here?  Zippo, nadda  the 2 empty board seats are for new guys coming in to take over this shell is my guess  watch and see 
Comment by MJB4231 on May 18, 2022 10:35pm
I'm so fed up and sick of this... This management team has done nothing for us.
Comment by copperplay on May 19, 2022 6:25am
  now you finally understand why I bash them constantly as they read these boards 
Comment by StratCap on May 18, 2022 11:24am
There is still time to amend the meeting with a Special at this point. Looks like nobody getting shook yet.
Comment by copperplay on May 18, 2022 11:30am
  you think this is one last shake of tree??
Comment by StratCap on May 18, 2022 11:49am
  we'll soon see. One thing for certain is something will need to happen soon or management and directors will have to write more checks to keep the lights on.  AGM might drain off rest of treasury.
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