The scoop on Bob WieckerYes it’s the same guy, I’ve asked around and it’s like this.
Bob has many years experience and has worked for a lot of companies, he was a director of an OTC company and signed off on a PR that quoted a 43-101 report in regards to a resource estimate on a property. The problem is the quote in the 43-101 report was referring to a non compliant estimate.
The BC SEC has been after him on this for a while and wanted a scalp to show that they are doing a good job, rather than keep fighting it which would take up a lot of his days and $s he just took his lumps. Namely a $30K fine (probably less than the lawyers would have charged defending him) and a stipulation that all the directors of the company that he is running have to sign off on any PR.
What does this mean to me as an SQI shareholder?
-people will be asking about this, if they ask the right people such as anyone close to Bob or the IR guy at SQI they will find out.
How can I trust these positive opinions to be honest?
You can’t but there is an easy short term test to see if this is a big deal or not
1.Will the board can him? If not they have enough confidence in him to tolerate significant liability if they are wrong, If so in comes new blood.
2.Will the recently announced financing be fully subscribed quickly? This would be a vote of confidence and a very goog signal.
I don’t think that this is all that a big deal but will be watching for these two things as a test.
Do your own Due D if you want, but I think this is about it.