doogsie1 I'm with you 100% At least Macpherson and Sanders were there to start the drilling but the benefit is way too high for my money.
Stalker came in after 2 months of drilling and is trying to grab as much as Macpherson and Sanders!
There is two lines of mumble about exploration/development/working capital for us to make an informed decision about whether to approve a blank cheque to these greedy people to issue 30 million shares at their discretion! Hello!!?? Not going to their mates is it? I'll wager they'll use every bit of that 20% discount too! I'll also wager Stalker associates will pick up the raising fee too!
The game now is to drive the price as low as possible (market correction helping but not the real reason) so they can set those 30 million shares at the lowest price possible. A Toronto listing is designed to help these chaps manipulate the price with greater ease. This is because of some daft notion that Toronto can price these potash assets better then us. What abject nonsense!
I'll also wager the beneficiaries of these ridiculous resolutions will all sell us out quickly and cheaply once they get their booty!
These types have no shame. They'll be trying to rush this through with as little scrutiny as possible. I doubt they speak for more than 50% of the votes either.
This is big grab based on the propensity of minority shareholders to do nothing.
Keep up the fight and tell every shareholder you know to VOTE NO TO RESOLUTIONS 1 - 7!!!
K2P Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
