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Canadian 'farmer logic': Who benefited from GSFC's obscure investment in Karnalyte?

On November 8, Counterview carried an article titled “Pump and dump strategy? Erosion of GSFC's Rs 250 crore investment in Canadian firm”, by a 1975 batch IAS bureaucrat, who was called a “turnaround man” by the Times of India way back in 2006. Second article by Luke on the subject (the first one was on January 4), it is based a letter he wrote to Gujarat chief secretary Anil Mukim protesting against a 2013 Gujarat State Fertilizers and Chemicals investment of Rs 250 crore in Canadian firm Karnalyte in 2013, whose value has now fallen to Rs 10 crore!
Based on the article – which argues that the PSU investment was allegedly made without taking into account the Canadian firm’s profile the for production and supply of potash, facing glut in the international market – the “Indian Express” carried a follow-up on November 10, even as quoting GSFC CMD Arvind Agrawal as stating he had not seen the letter, as it “is very long”, adding, “It is a seven-year-old matter and there is no point in going in, digging (sic!).”
This was followed by the Congress-controlled “National Herald” doing a detailed story on November 20 (following it up with a front page flier on November 22 in its Sunday print edition), titled “Gujarat rope trick”, and wondering, “Who decided in 2013 to invest Rs 250 crore in a dubious company in Canada? The investment has turned into junk and the Canadian company with three employees did not fulfil its commitment in the last eight years. But somebody benefitted. Who?”
Based on these article, Stockhouse, a top Canadian financial portal, one of North America’s largest small cap investor communities, whose members include affluent investors actively researching stock and looking for new opportunities, carries a scathing letter on the GSFC investment by one of its members. Titled “Farmer Logic”, the letter has been apparently written by a Canadian farmer, referring in passing that Luke, on retirement, has taken up farming. Read on:
*** 
Interesting articles out of Gujarat! Thanks for putting those on for me to read. A few months ago when I started my thoughts on here, I had a hard time aligning why a State run enterprise would invest in a foreign country to get something they could buy on the open market. Those posts were around August 17th.
Having been to India many years ago, I saw (and it happens here too) that a Government might not be corrupt but people in the Government can and sure will be, and they try to get their hands on some money.
In one of the articles Mr. Luke who is on the back 9 of his life and has taken up farming (God Bless him) said he has no personal interest in this but wants to bring the truth to the people of Gujarat. Note, no personal interest but he knows something was up all along. 
At another point in one of the articles, it says that money went down the drain.....and farmer logic says check the end of the drain to see who that money benefited.
Who has zero-NO Shares in this venture but yet have a personal interest and are getting paid?! The current management and board members! Doesn't anyone else see that?
Of course they want to keep things the same and conserve cash.....to pay themselves.
Those of you who are from the farm or are handy will know that when issues/problems come up, people look for someone or something to blame. I have an adopted brother who many years ago used to help on the farm. Everything he touched broke or got smashed. He could blame this or that or another person but it turns out he was the common denominator involved in every wreck and managed to survived with excuses and blaming others and other things until my Dad (he loved that boy and gave him many chances) realized that the boy was the problem.
Who is the common denominator and has survived all this turmoil? Danielle and GSFC board members (individual people) have continued to be personally paid since this all started and in the meantime have invested not one dollar personally into this company!!!?
Danielle and the current board have seen Mr. Phinney get run over and out of the company, along with all the other board members who actually owned shares as well as an interim CEO who owned a good amount of shares and a recent CEO.
Danielle and the current board are at the end of the drain receiving all the money and the benefit. I looked through the Proxy materials. Danielle and the whole board who own no shares are the ones getting paid and they are disparaging proposed board members who actually own shares? Doesn't anyone else see that as upside down?
in one of those articles from Gujarat media Mr. Luke or the writer says that the current interim CEO is unknown!!!
Read the Proxy that was just sent out, Danielle is praised as having all this experience and knowledge....in what operating/producing fertilizer venture? In Political alignment with the personal individuals from GSFC on the board it would appear she is well versed at. She, along with the GSFC individuals took home good personal money and survived Mr. Phinney and everyone else ever involved and not one of them owns a share!
To me it is right there! They are the only ones benefiting Can't anyone see that? It appears the higher ups in GSFC and people in the State of Gujarat and the Government are figuring it out.
The Fox is in the Hen House. There is no one left for Danielle to throw under the bus and survive, unless someone from GSFC will be the fall guy.....or will GSFC turn on Danielle?

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рджेрд╢рд╡्рдпाрдкी рдЧ्рд░ाрдоीрдг рднाрд░рдд рдмंрдз рдоें рдЙрддрд░े рдордз्рдп рдк्рд░рджेрд╢ рдХे рдЖрджिрд╡ाрд╕ी, рдХिрдпा рдХेंрдж्рд░ рд╕рд░рдХाрд░ рдХा рд╡िрд░ोрдз

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рдирдлрд░рддी рдмाрддें: рдоुрд╕рд▓рдоाрдиों рдоें рдЕрд╕ुрд░рдХ्рд╖ा рдХा рднाрд╡ рдмреЭ рд░рд╣ा рд╣ै, рд╡े рдЕрдкрдиे рдоोрд╣рд▓्рд▓ों рдоें рд╕िрдордЯ рд░рд╣े рд╣ैं

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Only 15% businesses provide employees real-time sustainability dashboards: Study

Kyndryl in collaboration with Microsoft has released the findings of The Global Sustainability Barometer study. The study, conducted by Ecosystm, finds that while 85% of organizations place a high strategic level of importance on achieving their sustainability goals, only 16% have integrated sustainability into their strategies and data. A Kyndryl note: *** Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, in collaboration with Microsoft , today released the findings of The Global Sustainability Barometer study. The study, conducted by Ecosystm , finds that while 85% of organizations place a high strategic level of importance on achieving their sustainability goals, only 16% have integrated sustainability into their strategies and data.

How the slogan Jai Bhim gained momentum as movement of popularity and revolution

By Dr Kapilendra Das*  India is an incomprehensible plural country loaded with diversities of religions, castes, cultures, languages, dialects, tribes, societies, costumes, etc. The Indians have good manners/etiquette (decent social conduct, gesture, courtesy, politeness) that build healthy relationships and take them ahead to life. In many parts of India, in many situations, and on formal occasions, it is common for people of India to express and exchange respect, greetings, and salutation for which we people usually use words and phrases like- Namaskar, Namaste, Pranam, Ram Ram, Jai Ram ji, Jai Sriram, Good morning, shubha sakal, Radhe Radhe, Jai Bajarangabali, Jai Gopal, Jai Jai, Supravat, Good night, Shuvaratri, Jai Bhole, Salaam walekam, Walekam salaam, Radhaswami, Namo Buddhaya, Jai Bhim, Hello, and so on.

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By Harsh Thakor  The massacre at Laxmanpur-Bathe of Jehanabad in Bihar on the night of 1 December in 1997 was a landmark event with distinguishing features .The genocide rightly shook the conscience of the nation in the 50th year of Indian independence. The scale of the carnage was unparalleled in any caste massacre. It was a perfect manifestation of how in essence the so called neo-liberal state was in essence most autocratic. 

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рдЧुрдЬрд░ाрдд рд╡िрд╢्рд╡рд╡िрдж्рдпाрд▓рдп рдХुрд▓рдкрддि рдорд╣ोрджрдпा рдХा рдмрдпाрди рдЙрд▓्рдЯा рдЪोрд░ рдХोрддрд╡ाрд▓ рдХो рдбांрдЯे рд╕рдоाрди рд╣ै

рдЧुрдЬрд░ाрдд рд╡िрд╢्рд╡ рд╡िрдж्рдпाрд▓рдп рдкрд░िрд╕рд░ рдоें рд╡िрджेрд╢ी рдЫाрдд्рд░ों рдХो рд╕ांрд╕्рдХृрддिрдХ рд╕ंрд╡ेрджрдирд╢ीрд▓рддा рдХा рдкाрда рджेрдиे рдХी реЩрдмрд░ рдХे рд╕ंрдмंрдз рдоें рд╡िрд╢्рд╡ рд╡िрдж्рдпाрд▓рдп рдХो рдЦुрд▓ा рдкрдд्рд░: --- рдк्рд░рддि рд╢्рд░ी, рдХुрд▓рдкрддि рдорд╣ोрджрдп рдЧुрдЬрд░ाрдд рд╡िрд╢्рд╡рд╡िрдж्рдпाрд▓рдп рдЕрд╣рдорджाрдмाрдж рд╡िрд╖рдп- рдЧुрдЬрд░ाрдд рд╡िрд╢्рд╡ рд╡िрдж्рдпाрд▓рдп рдкрд░िрд╕рд░ рдоें рд╡िрджेрд╢ी рдЫाрдд्рд░ों рдХो рд╕ांрд╕्рдХृрддिрдХ рд╕ंрд╡ेрджрдирд╢ीрд▓рддा рдХा рдкाрда рджेрдиे рдХी реЩрдмрд░ рдХे рд╕ंрдмंрдз рдоें। рдорд╣ोрджрдпा,

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Erroneously linked with Maoist party, activist arrested under UAPA for his bold voice

By Harsh Thakor* On Monday 11 th of March , the National Investigation Agency (NIA) of the repressive Indian State presented fabricated charges against Sanjoy Deepak Rao in the jurisdiction of a special court for the NIA in Hyderabad. Sanjoy Deepak Rao, a progressive intellectual from Jammu and Kashmir, was already arrested several times for his bold voice. Last September he was arrested again, in Telangana, this time charged of being a leader of the Communist Party of India (Maoist), a party which leads the People’s War against the old Indian State.

рд╕ीрдПрдП: рджेрд╢ рдХो рдмांрдЯрдиे рдХा рдПрдХ рдФрд░ рдФреЫाрд░ рдЬрдм рдЗрд▓ेрдХ्рдЯोрд░рд▓ рдмॉрдг्рдб рдШोрдЯाрд▓ा рд╕ाрдордиे рдЖ рд░рд╣ा рдеा

- рд░ाрдо рдкुрдиिрдпाрдиी  рдЬिрд╕ рд╕рдордп рдЗрд▓ेрдХ्рдЯोрд░рд▓ рдмॉрдг्рдб рд╕े рдЬुреЬा рдмреЬा рдШोрдЯाрд▓ा рдкрд░рдд-рджрд░-рдкрд░рдд рджेрд╢ рдХे рд╕ाрдордиे рдЙрдЬाрдЧрд░ рд╣ो рд░рд╣ा рдеा, рдаीрдХ рдЙрд╕ी рд╕рдордп рдХेрди्рдж्рд░ीрдп рдЧृрд╣ рдоंрдд्рд░ी рд╢्рд░ी рдЕрдоिрдд рд╢ाрд╣ рдиे рдиाрдЧрд░िрдХрддा рд╕ंрд╢ोрдзрди рдЕрдзिрдиिрдпрдо (рд╕ीрдПрдП) рд▓ाрдЧू рдХрд░рдиे рдХे рд▓िрдП рдиिрдпрдоों рдФрд░ рдк्рд░рдХ्рд░िрдпा рдХी рдШोрд╖рдгा рдХрд░ рджी. рдпрд╣ рдЕрдзिрдиिрдпрдо рдХрд░ीрдм 4 рд╕ाрд▓ рдкрд╣рд▓े рд╕ंрд╕рдж рдж्рд╡ाрд░ा рдкाрд░िрдд рдХिрдпा рдЧрдпा рдеा. рдЗрд╕े рд▓ाрдЧू рдХрд░рдиे рдХी рдШोрд╖рдгा рдЙрд╕ рд╕рдордп рдХी рдЧрдИ рдЬрдм рдЗрд▓ेрдХ्рдЯोрд░рд▓ рдмॉрдг्рдб рдШोрдЯाрд▓ा рд╕ाрдордиे рдЖ рд░рд╣ा рдеा рдФрд░ рдЖрдо рдЪुрдиाрд╡ рдиреЫрджीрдХ рдеे. рднाрдЬрдкा рдХी рд░ाрдЬрдиीрддि рдХे рд░ंрдЧ-рдвंрдЧ рджेрдЦрддे рд╣ुрдП рдШोрд╖рдгा рдХे рдХिрдП рдпрд╣ рд╕рдордп рдЪुрдиे рдЬाрдиे рдХा рдЙрдж्рджेрд╢्рдп рд╕्рдкрд╖्рдЯ рд╣ै.