Skychain Addresses More Deception by Purported Concerned Shareholder

Skychain Technologies Inc. (TSXV: SCT.H) has once again found itself addressing deceptive practices by a purported concerned shareholder, who has attempted to requisition a shareholders meeting on October 10, 2024. The company has clarified that this meeting is invalid and not properly called under the Business Corporation Act (British Columbia). In response, Skychain has taken proactive steps to call its annual general and special meeting on November 7, 2024.

Skychain's proactive approach has been crucial in preserving and maximizing shareholder value. The company has been working diligently to rectify and revoke the cease trade order (CTO) imposed by the British Columbia Securities Commission. This CTO has suspended trading of the company's common shares, leading to a loss of liquidity. Skychain's efforts to rectify the CTO will help restore trading and liquidity, ultimately benefiting shareholders.

Skychain's communication strategy has evolved to combat misinformation from the Small Minority Dissidents. The company has issued a statement clarifying the invalidity of the October 10 meeting and emphasizing the importance of the November 7 meeting. Skychain has also cautioned shareholders against participating in prohibited activities, such as negotiating or entering into agreements for the purchase and sale of common shares in contravention of the CTO.

Skychain's proactive response to the deceptive practices has helped protect shareholders from potential impacts. The company has taken specific actions to ensure transparency and accountability in its communication with shareholders. This includes providing regular updates on the company's progress, addressing shareholder concerns, and maintaining open lines of communication.

Skychain's commitment to transparency and accountability is evident in its communication strategy. The company has been proactive in addressing shareholder concerns and providing updates on its efforts to rectify the CTO and restore liquidity. By maintaining open lines of communication, Skychain has demonstrated its dedication to preserving and maximizing shareholder value.

In conclusion, Skychain Technologies Inc. has addressed more deception by a purported concerned shareholder by clarifying the invalidity of the October 10 meeting and emphasizing the importance of the November 7 meeting. The company's proactive approach to rectifying the CTO and restoring liquidity has helped preserve and maximize shareholder value. Skychain's commitment to transparency and accountability in its communication strategy has further protected shareholders from potential impacts.