RE:RE:According To Canadian InsiderFor sure, If you checked out last Crux Interview he had stated that his investors that did the last placement had told him specifically to conserve CASH and expenses...Ya..right, I wonder how they feel now them being down more than 50% of their investment so far. Placement was done at .30 cents....CEO, will for sure conserve cash, to his benefit and ensure he gets paid first and has enough in bank for his salary to be paid for the next year or so. My guess is you will not here from him for a while, especially if he hasn't resolved those water issues. Remember he gets a hefty annual salary of $500k...plus rights and options. Then, remember he does that debt/exchange for shares with his numbered company which he owns. Wowwww, if that profiting and gouging to his own benefit...mine you, it's all legal....hows is that a slap in the face for other vulnerable retail investors having lost their savings and had trusted this man. He continues to profit big time and small investors end up losing. Thats Capitalism!!!.....folks.
Just my personal take as things plays out here. Remember take profit along the way and from time to time and later move on to other plays, never hold a stock for years...or trust any management team or Its CEO....Happy Trading and be mindful of your investment at all times and try to preserve your Capital at all times...Again, where is that up-date...Mr CEO...