Ann: Transformational Acquisition Gold-Cobalt Development Project, page-49

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NordicInformer

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11/04/24

20:58

Post #: 73303567
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Originally posted by BerserkWarrior: ↑

I recently ran a campaign to remove two Directors from a small Canadian oiler where the Australian based execs were/are underhanded in their dealings with self interest clearly putting their own interests before shareholders.....there's a whiff of that here. Many people on HC were incensed....It takes a lot of time, money & energy. In the end it was akin to herding cats. I chucked it in. Was spent.

Threats to Directors often go unheeded unless it comes with the backing of at least 5% of the Register for a 249D. Here, the Directors seemingly are onboard and no wonder considering the remuneration structure for supporting the transaction.

The ASX and ASIC are useless unless there's a clear breach and even then it's slow & tedious. You need criminality. That's not what's being served here....it's arguably dirty & blatantly unfair I think but that doesn't cut intervention from regulatory oversight bodies. Even the largest shareholder has indicated its backing. It's going to happen even if it's distasteful. And it is.

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Dear Beserk,
If you are tired fighting, you may buy some popcorn and check the show, for example every Friday.

It would be lots of help, if you will not accept the the offer and subscribe more shares.

Kuusamo stuff may have elements of criminality, if will be disclosed like with SunMirror deal.
There are are court cases against the tenements.

Investments of 2 million AUD is one condition of the deal. If the directors are not willing to put their
own money, this may fail badly. Most of the investors look Hotcopper and some similarity scandalous
offerings have failed, for example NPM and LKO
NPM wanted 2 million and got 64 000 AUD. Insider underwriter was forced pay 0.5 million.
https://npm.live.irmau.com/site/pdf/f89c571b-f899-4e14-ab0f-c19d03c4a904/Entitlement-Offer-closes.pdf

Regards
Nordic

DCX Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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