Concerned Shareholder of Avante Corp. (TSXV: XX) announces voting intentions

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[{"type":"text","content":"\n\n\nConcerned Shareholder of Avante Corp. (TSXV: XX) announces voting intentions\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nQuestions Fairfax Financial Holdings Limited's (TSX: FFH) oversight of Avante's board.\nDemands accountability and board representation. \nDiscloses August 2024 discussions initiated by Fairfax towards privatizing Avante at an unacceptable $1.15 per share, then increased to an also unacceptable $1.50 per share – so much for \"The Golden Rule\".\nTORONTO, Oct. 15, 2025 /CNW/ - George Christopoulos, Avante's Corp.'s (TSXV: XX) largest shareholder with 5,327,000 shares or 19.99% (compare with Fairfax Financial Holdings Limited's (TSX: FFH) 19.88%), today announces his voting intentions, reasons and makes several observations:\nWill vote \"Withold\" or \"Against\" all shareholder meeting resolutions, including all director nominees.Fairfax nominee, Wade Burton, attended only 5 of 10 meetings for fiscal 2025.Since March 30, 2022 Emmanuel Mounouchos and Fairfax have not permitted any board representation, other than their own.Shareholder value has been eroded, while Mr. Mounouchos has been grossly over-compensated.Audit/ accounting fees originally reported for 2024 as $355,863 revised to $684,409.2025 fees were $606,330.Revision to 2024 fees implies fiscal 2025 expense of $934,876, representing 2.8% of 2025 revenues.Avante's 2021 revenues were $91,715,784, but fees were only $351,350 (.38%).Magnitude of 2024 and 2025 fees imply poor oversight, and internal controls deficiencies.Mr. Mounouchos and Fairfax had jointly intervened to block the sale of Avante, which per February 9, 2022 press release, valued Avante at $1.75/ ShareIntervention by Fairfax was not \"fair and friendly\" as only Avante's founder Mr. Mounouchos benefitted. He was only 12.9% shareholder at the time, but apparently declared: \"You are not going to sell my company!\", oblivious to the obvious, fair consideration that it was very likely that 87.1% of Avante's shareholders were eager to sell...

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