NOTE 13 – SUBSEQUENT EVENTS
In May, 2018, the Company entered into an agreement to sell 2,500,000 common shares of Champion
Iron Ltd., at a price of $1.12 per share. The Company recorded a gain of $2,562,500 on the sale.
So they threw away $0.10/share or $250,000 by selling those shares the day they became free-trading....had they waited just 10 days they might have sold for $1.45/share or $3.625 million and we would have realized an extra $1 million for the kitty (a not insignificant sum for a TSX-V company). ..that could have covered the cost of Mr Smith's golden parachute, and possibly that of his sidekick ...I don't know what to say/think anymore, as I am actually flabbergasted by these actions, especially in the context of the prior fiasco regarding the sale of Sx shares!!