The Best Way Forward For The Successful, Rollback Explorer!The idea of a regular roll back to help fund an exploration company, need not be a bad idea!
But to justify such an action, the onus should be placed upon management to deliver some financial reward. Some kind of dividend, might be the best idea, when an individual property, has been fully explored and developed by drilling.
Many present day explorers use a streaming model or some royalty plan to help fund their operations. But from a shareholder's point of view, why not just give the royalty stream directly to current day shareholders by way of a potential one time or a regular monthly or quarterly dividend payout.
That would incentive shareholders to stay invested. And management would also be incentivized to keep on developing, one property fully, before moving on to the next.
A stable shareholder base leads to a better share price.
Since all money derived from property development would be directly paid back to shareholders in a one time payment or by partial payments, over the course of time, then a share roll back system could be used to bring new shareholders into the fold. Who would mind a roll back then?
All would be motivated to stay with the company as long as it remained successful.
Not every exploration company is destined to become a miner. But all public exploration companies use shareholders money to fund their operations. And these same shareholders are entitled to be paid back, in full!
This rule should not just apply to the fabulously wealthy or majority shareholders but to all shareholders who are willing and able to take part in the risk!
There is no place in this life, for sleazy exploration operators, who may choose to use their advantage, selfishly, for their own personal financial aggrandisement.
If the stock exchange rules allow for this kind of ruthless exploitation of others, then it is past time that these faulty laws should be updated and changed for the better!
If a group of individuals chooses to take on a majority ownership position, then they should be forced to offer a substantial takeover bid for the company.
It seems that the CSE exchange allows for this unethical practice to endure.
But it is a shameful to allow unscrulous individuals to run roughshod over the financial needs of others. This practice should never be allowed!
Perhaps this is the real reason that Rockcliff Metals was moved from the TSX venture exchange to the CSE in the first place? The TSE Venture exchange may have stricter rules!
Perhaps this company has been planning their secret backroom deals for a good many years?
Is this really the best way to bring new shareholders into the fold by offering to buy their integrity?
Isn't that what the Devil did to Eve, by offering her the apple?
If I am unfair, prove me wrong?
All the best! Java