I admit that I never thought the Indigenous Potash Group (IPG) could raise the funds needed to be a player in the Potash epic.
Rather than garnering the support of premiers Canada wide, Premier Wall should have looked closer to home. The IPG only needs to purchase enough shares to take over the Board. The Board appoints the CEO and controls the organization. If the injunction is successful (SP Nov. 3/10) the shares may go into decline and make the purchase viable.
Head office may be in Saskatchewan, but not necessarily in Saskatoon.
Business and politics are indeed strange bedfellows.
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Of course, if the merchant bankers supporting this little venture are backed by Chinese money then Investment Canada and Brad Wall have a lot to worry about.
ReplyDeleteIt seems as if a lot of attention is being paid to the first nations 'frontmen' and not enough questions are being asked about where the money is coming from and how susceptible they will be to a take over bid.
Whoever holds the 'note' on the money put up to buy the shares will control the resource.
The key words here are first nations frontmen that means both the right and left wing loons that frequent this Blog will not comment for fear of trangressing political correctness! It's actually funny to watch this Blog and observe everyone scurry from commenting on anything remotely associated with Indians. It's fun being anonymous isn't it?
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