SYA Chart 2.0, page-592

Hi @Zenzen, whilst I also share your sentiments that management made a big cockup and judgement error in not pursuing BAPE a year ago when the then Environment minister said she would make the recommendation, I also have it on good authority that many of the behind the scenes discussions with the Quebecois officials gave management the green light to follow the path they did, I.e BAPE avoidance. In the end they did a backflip as the political and social pressure increased. This will never be on public record. Having said that, the path of least resistance would have been to submit to BAPE back in July 2018 (or earlier), saving at least 12 months of time and money and SP depreciation. I suspect the erosion of their individual holdings value would weigh on directors a lot more than the potential income they are earning. 90mill shares from 12c down to 0.8 represents a $10.8mill valuation down to $720k.... would have to hurt.

thanks for the charting highlights!