Bullboard - Stock Discussion Forum Rio Novo Gold Inc. RIVVF

Metals & Mining Gold

"Rio Novo Gold Inc is engaged in the acquisition, exploration and development of mineral properties located in Brazil and Colombia. Its properties include Almas gold and Matupa gold projects in Brazil and Tolda Fria gold project in Colombia."

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GREY:RIVVF - Post Discussion

Rio Novo Gold Inc. > Corporate governance issues?

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Post by Metalsguy1 on Feb 10, 2017 12:53pm

Corporate governance issues?

I too have noticed that Britos seems to have waited until the share price bottoms out before he converted the notes to shares. Didn't he request a seat on the board?

I am wondering if it isn't time to contact a corporate governance attorney. It sure seems like Britos is trying to dilute out the remaining long term shareholders.

This special meeting was indeed rediculous. Who has added what value to this company in way shape form or fashion since they went into maintenance mode. All I see is Britos eating up more and more of the company to the detriment of the existing shareholders.

RioNovo's assets are excellent. I would rather have seen a sale that benefited all shareholders rather than this endless dilution bs that quite pointedly benefits no one but Britos.

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