Member Info for RBMInvest

Guys, let’s try and keep these two posts top of the pile today, we have work to be done…

Thanks.

Guys, let’s try and keep these two posts top of the pile today, we have work to be done…

Simple choice.

Do nothing, expect nothing.

Or…..

Invest ten minutes and see if if, together, we can open the can.

No brainer, if genuinely invested.

No problem….

Shout if you need any help, Radika. Not about much today, but sure someone will help if needed.

Let’s work together and get that can opened up for investigation…..

Just go recap…

Hark back to late summer, when the BOD relinquished any cash payment? Usual thing under such circumstances is to accept payment in shares, thus fully aligning BOD interests with those of ALL shareholders. But no, they were each issued a ‘bond’, as negotiated by Anavio, treated just like all their other bonds. So, after being issued to our BOD at a 4p conversion price, they’ve been included within renegotiation and now carry a conversion price of 0.15p! I can find nothing within deal sheets to even suggest that they are treated any differently. Now that’s clearly an incentive package fully in line with Anavio’s game plan, not that of ALL shareholders.

Worse still, they deemed it an internal deal, so signed of their own Anavio aligned remuneration as being unworthy of a shareholder vote!! Got to be careful what I say here, but at the very best that is shockingly inept governance. At worst, it could be clear collaborative fraud.

I’ll spell it out. Under Canadian law, the incentive package they signed off for themselves is deemed illegal. The board didn’t volunteer to take an Anavio bond, it was an inducement from Anavio to deliver what they required.

Report it to the Alberta Securities Commission, or cry into your NY beer.

Your choice…..

Take positive action today, let’s kick start an investigation. The alternative? Do nothing and expect nothing…..

HAPPY NEW YEAR GUYS!!

Thanks to those who’ve already posted complaints with the ASC. If you haven’t done so yet, please invest ten minutes today and let’s get this can of wormed opened…..

Keep it on topic please.

BB, no point in thinking what could have been, it is what it is. Let’s look forward.

Thanks

Thanks Montyfino

Thanks Radika, you’re welcome.

Time to pull together.

Thanks guys, appreciate your support.

Radika, I’m not about tomorrow, but sure someone will help you. Your English looks good enough to me though…

McAdder, that’s fine, your choice.

Guys, I’ve spent a lot of time on this and sought initial corporate legal advice. It has legs. Please read the ‘Positive Action’ thread and post on this thread if you’re willing to spend just ten minutes of your time lodging a complaint to the ASC before Tuesday. Roll over, write off….or fight.

Your decision.

This opening salvo, designed to open an investigation, is not aimed Art. The offence was committed by the board at the time (Art was sidelined at this point) and Anavio. If r reporting, please do not mention names and make it sound personal. The ASC can decide who to focus on once the can is opened. We just want to open the can…

Agreed, but it’s an instrument specifically designed for an external third party, not internal use.

Copherder, another misinterpretation. I am not suggesting that Anavio want to own COPL, I agree they don’t. However, I’m sure they’d be very happy to buy their assets cheaply and flip them at a huge profit. They have an inside seat, they have inside information and they have a board financially aligned with them.

Light bulb going on yet?