And Further, GUYZOO"s post tonight ... I have more questions.....
We have won and accordingly all private placements are cancelled.
We also have an active major shareholder with enormous business skills.
The share price is going to go through the roof and I hole you all enjoy this good fortune.
I thank you all for the tremendous support, I apologize to any party I offended.
GUYZOO is off air for the next little while, warm weather holiday previously booked.
For the record my previous blogs about myself are honest statements and I'm only a retail investor not associated with anybody.
I for the record support what ever GoldMet measures are in place as long as they do not include a Private Placement.
Thank you regulators, I can't imagine the pressure you where put under with all this stuff. Sleep well knowing your actions have gone a long way in helping the equity markets for the sake of all shareholders.
"We also have an active major shareholder with enormous business skills."
How does GUYZOO know that? ....is he an insider who knows about GoldMet?..
As I stated....a lot of unanswered questions...
Another thing, We may see some changes in the Board of Directors, but not in management because of this......This is from the Management Information Circulat from 2011 AGM
Termination and Change of Control Benefits
Except as disclosed below, neither the Company nor its subsidiaries has a contract, agreement, plan or arrangement that provides for payments to a Named Executive Officer following or in connection with any termination (whether voluntary, involuntary or constructive), resignation, retirement, a change of control of the Company or its subsidiary, or a change in responsibilities of the NEO following a change in control:
The following Named Executive Officers of the Company - Robert Baldock, Cathy Zhai and Zaidi Harun - provide their services to the Company pursuant to employment agreements dated July 1, 2007 (“Three NEO Employment Agreements”). Under the terms of the Three NEO’s Employment Agreements the Company may terminate these Three NEO Employment Agreements without cause in which event the Company shall be obligated to pay each Mr. Baldock, Ms. Zhai and Mr. Harun an amount equal to thirty-six months of his or her annual salary. All stock options exercisable into shares of the Company then held by those three NEOs would become exercisable in full and shall remain exercisable for a period of ninety days following the date of termination. If, a successful bid to acquire all or substantially all of the shares of the Company occurs, Mr. Baldock, Ms. Zhai and Mr. Harun may elect to terminate his or
her employment and would be entitled to a payment equal to thirty-six months of his annual salary. In addition, all unexercised stock options held by Mr. Baldock, Ms. Zhai and Mr. Harun shall become exercisable in full and shall remain exercisable for a period of ninety days following the date of termination.
Pursuant to employment agreements dated July 1, 2008 and renewed on July 1, 2010 for Kevin Wright, in event of a taken over or a change of control up to 80% of the Company, whether or not the new Board of Directors or the new controllers offer a continued employment, he has the choice to continue on the same or newly agreed terms or resigning. Should he decides to resign, it shall be considered as termination without cause, and he will be entitled to be paid two years full salary and benefits and allowed to exercise all of the options granted to that time under the Option Plan
So, It looks like management have wrapped thrmselves in a protective blanket in case of a takeover ......Richard