RE:Only One Reason Chang brought in... and not a good oneHe brings nothing to the table except potential ability to help raise money, as that time is clearly approaching. What other reason would he be brought on to the board?
CanadianBuck wrote: Chang is a money guy, only one reason he has been brought in and that's to help raise money in an equity/equity related deal.
The company likely is getting ready to raise money sometime in the next 6-18 months and before they do we probably will see a roll back (probably 1 for 10).
I would bet a roll back will be on next years AGM agenda and an equity raise shortly afterwards.
You can't keep spending money hand over fist on promotional BS without a day of reckoning
coming.They cut back spending on the drilling program and left salaries,perks,travel and promotion the same???!