Thursday, July 27, 2017 3:36:19 PM
Two board members were removed from the web site, that's why they took it down today because that's raising concerns. They don't want to trigger a panic sell due to confusions. We might hear news about this soon.
One detail I want to highlight is that they want to push for a 50% pay cut on management until Aldox is sold. They want to push to place more board members that are aligned with shareholder interest.
If you have been a long time holder, I suggest you get in touch with these people. It appears Aldox value is there, and these shareholders are fighting for it.
I believe what he said that SK will raise money at 25 cents if he was given the choice. It doesn't fool anyone that management is dealing with financial groups that the guy never even heard off. Getting in bed with these financial groups. The whole sec filing and offering was clear as day this management have made a lot of bad choices completely not in the interest of the shareholders.
So we weren't too far off, the shareholders are forcing SK to do a deal or take a 50% pay cut or walk with 7 million dollars. Can't get any better than this. They voted down on the proxy was the first step to stop this management team from going further.
Unfortunately, we may see some negative effect on the stock, unless they pull off a deal on Aldox as was demanded.
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