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Gold/Mining/Energy : CCB Free Speech Board -- Ignore unavailable to you. Want to Upgrade?


To: Glazeddonut who wrote (89)9/12/2015 1:26:31 AM
From: RuddyMongoose  Read Replies (2) | Respond to of 537
 
Obviously UBR didn't follow the terms of the original agreement. There are only two possibilities:

1) UBR violated the terms of the original agreement.
2) The agreement was revised and CCB gave UBR written permission to sell all the CCB shares ahead of the original schedule.

Several questions remain including these
:
1) Did Duncan know that UBR contravened the terms of the agreement?
2) If he knew, when did he know
3) What action did he take upon learning of the violation of the agreement?

4) If CCB gave UBR a written waiver to sell the shares early, were CCB shareholders advised that the terms of the agreement were changed and UBR was allowed to sell all 5M CCB shares before December 2015?
5) If shareholders were advised, how and when were they advised.
6) Was a News Release issued and if not then why not?
7) If CCB shareholders were not informed by NR as soon as the CEO learned that UBR was selling CCB shares why wasn't that done because that information is material to CCB investors.

Something about this agreement and the CCB share sales stinks and CEO Duncan needs to address the issue publicly ASAP because the optics look real bad.



To: Glazeddonut who wrote (89)9/12/2015 5:30:32 AM
From: Glazeddonut  Respond to of 537
 
Number two is a very damming clause.It appears that CCB management nominess were telling the URB execs they must vote these shares aquired for them up until December 14 when as chief stated Ogilvie the current hated CCB CEO was heaved and new CEO put in place.Optical illusion or optics.By december 3,2014 it appears UBR did not have any shares to vote anyways.Clearly they breached the deal unless they were given explicit written permission.

Not to vote (or cause to be voted) the Common Shares against any resolution to approve the election of Canada Carbon’s management nominees and any resolutions put forward by such nominees until December 3, 2014