I dont think its a takeover he's after but to list in Toronto with his mates. He travelled extensively promoting the coy after the recent resource announcement to raise funds through a placement to fund further development. What happens no placement and the stock is sold down by funds wanting to get in on the placement at a cheaper price. ie Dilte the shareholders further.
Why list in Toronto? Is beyond me, Canada is is the worlds largest potash supplier. Do you get in bed with the opposition?
A listing in Hong Kong or Shanghai the biggest potential market would make more sense, but develop the project further to increase value to share holders before you do anything.
The old board wanted to develop and become an operator of a high grade potash deposit. The new board seems to want to pump and dump to feed thier short term greed and ego's.
The option conversion is a furphy so we'll approve his shares. A no vote is not all that is called for but also the resignations of most of the board.
K2P Price at posting:
$2.35 Sentiment: Buy Disclosure: Held
