GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
The bond holders could not request cash. The company is to initiate the cash payback clause by sending a letter to the bond holders. Until the company sends the cash payment notification to the bond holders they can only request their conversion payments in shares.
It’s in the bond document on SEDAR.
Everyone should hope over to the Canadian board (CEO dot ca, ticker XOP) to see what they think of AM’s weather excuses. Those folk experience that kind of weather all through their winter and are embarrassed by AM using expected seasonally cold weather as another excuse. About as good as all his other excuses.
From Telegram:
“I will say this, in Canada the rules are very in favour of shareholders and their rights.
With 5% of the shares outstanding an individual or group of shareholders can nominate a new Board of directors, and with the right paperwork and timing the company has to include that additional slate of board electors in the company Annual Information form for all shareholders to vote on.
This is the way to take back control of our company. Arrange a set of proper BoD to be put up for election.”
I would love to see the discussion between Tiburn and the Telegram people (who seem to have less rose tinted glasses). It would be naively optimistic vs cynically bearish. Would be interesting to see, and probably quite insightful.