a) Spending a fortune to “sell” Morila for what no doubt will be a nominal amount.
b) Regarding the strategic review “Process”:
- ”If a transaction proceeds, it will require the approval of, or acceptance by, shareholders.” - no chance of approval, unless it’s at a fat premium and Leo’s share price stops rising.
- “The objective of the Board of Firefinch is to conclude these negotiations and announce a binding transaction during this coming quarter, Q3 2023.” - the objective is to announce, how about actually achieving something?
- “If it becomes apparent that there are no reasonable prospects of a successful transaction within a suitable timeframe…” - we are long past a suitable timeframe.
How about complying with your fiduciary duties to shareholders, Firefinch Board?
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