I would say that it’s Appian taking action for the benefit of Appian. And as they own 23% of shares out as well as debt, it’s a move to make itself disinterested. We all saw the withheld vote counts for the AGM, I believe this was their reply.
At a further guess, the new special committee will propose an exit strategy that isn’t to Appian’s liking. If so, Appian is already garnering support for some alternative plan. And that’s as far as i am stretching tonight.
MIRL news
https://ceo.ca/@nasdaq/minera-irl-announces-positive-preliminary-economic
Changes to the Harte board a positive? Price down to $0.06. Hard for me to decide how to view their latest PR
I would say that it’s Appian taking action for the benefit of Appian. And as they own 23% of shares out as well as debt, it’s a move to make itself disinterested. We all saw the withheld vote counts for the AGM, I believe this was their reply.
At a further guess, the new special committee will propose an exit strategy that isn’t to Appian’s liking. If so, Appian is already garnering support for some alternative plan. And that’s as far as i am stretching tonight.
Thanks.
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