Need to be a lawyer to follow the whole story, but looks like the "board", as JH perceived, and as I understand, was trying to take away responsibilities before getting rid of him.
In JH's mind, the company was not doing its best in going after farm outs and JV's by giving that responsibility wholly and solely to Shortt, and leaving him, the founder of the company, out of the game.
The company failed to act against JH, within the time frame allowed after they were aware of the Inspec deal.
CTP Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
