They cannot buy them out. The cease trade order would prevent that from happening. Mr. Berry did sign off on the $18,000,000.00 (eighteen million dollars) as a director of an Ontario company at the Superior Court of Ontario last fall. So he does lose money and is not the midas touch some declare him to be. I am sure he went into his last pinkie venture with the idea of making money but alas it was not to be. It is different being a trader using the banks money than it is investing your own. As Safe Harbor states past performance is not an indication of future performance. Just because he was a good trader does not make him a good businessman. No doubt he was a brilliant trader but this is quite different. He also has not been employed in his last position held since the difference of opinion he had with his past employer but again that is a fact, not a judgement. I would say he won that battle.
No idea what plans they have but the idea, to me, seems ridiculous that the new team was shown assays at a time when the company was trying to raise money for the assays. Even that aside, if the assays are that good and the mythical 220 grams per ton only turns out to be 50gpt, they could simply sell the company without the need for any restructuring or listing, shareholder value would be there immediately.
The other interesting point is last summer Mr.Grant was the savior now he is gone it is now being said the new company are pros(implying Glenn was not), the ramblings are gone (guess Glenns ramblings were not such a good idea after all since they failed to make it to the new website), but it still seems he has loose lips. I will have to get in touch with the new public relations company and let her know her efforts are being undermined by Glenn still sharing information with certain persons. As a consultant he cannot any longer speak for the company.
