IRWell Highlander I welcome our optimism and you sound like you know a bit about what is going on which is alwys welcome. I just tripped over this
ANCOUVER - April 12, 2021. Cache Exploration Inc. (the "Company" or "Cache"), (TSXV:CAY), announces that that effective April 1, 2021, it retained John Bevilacqua (the "Consultant") as an investor relations and business consultant, subject to acceptance for filing by the TSX Venture Exchange. The initial term of the contract is for 12 months and will be automatically extended on a month to month basis thereafter. The Company and the Consultant each has the right to terminate the contract by providing 7 days advance written notice.
The Consultant is an individual resident in Vancouver B.C., and will provide investor relations and marketing services for the Company including, but not limited to, acting in a liaison capacity between the directors and senior officers of the Company, the shareholders and persons registered to trade in securities, and to circulate to investors, at their request, quarterly reports and other material financial or information documentation of the Company.
The Consultant is the registered holder of 250,000 options ("Options") to purchase common shares in the capital of the Company ("Shares") at a price of $0.12 per Share, which were granted to the Consultant on August 4th 2020, prior to their engagement for investor relations services. Other than the Options, the Consultant neither holds any securities of the Company nor has any interest, direct or indirect, in the Company. The Consultant does not engage in market making activities and will restrict its services to public relations and investor relations counseling.
As consideration for services provided, the Company will pay the Consultant a fee of $6,000 plus applicable taxes per month for the duration of the term.
I have no doubt he will be a brilliant addition to the company - especially for $6,000.00 per month which is pretty impressive given that he won't return any emails or phone calls to us measly shareholders. Nice job if you can get it not bad pay and you don't have to do anything. So far, since buying this, it has gone down 15%, has been delisted and is still not trading, at least one insider has been granted options at 12 cents (which means it will likely open back up in that range). I know you are supportive of the company Highlander and I will acknowledge that you know a great deal more about this company than most, but from my vantage point its been a pretty abysmal investment and for the moment at least - here is no way out.
If a lawyer, doctor or other professional behaved like this they would be defrocked/decloaked/disbarred - you name it, but as Managment in Canada they are immune from anything.
Would be nice if they just let us know what is going on....so much for transparency - my guess they won't be forthcoming until they want more money from us.
Sigh
Rusty