RE:RE:RE:waiting...Good evening Fortune Shareholders;
I don't know what would be refreshing to hear from a 20 year, 18 year and 12 year stakeholder that they continue to be patient in the hopes that the Fortune Executive and Board of directors are going to deliver on key action items.?
Last year at the AGM, I meet a shareholder who had 5 miilion shares at an average price of $4 dollars a share invested for the past 14 years. The question I have for all of you patiently waiting stakeholders is what pressure have you brought to bear on the management team and board of directors for delivering on what they say they can do?
As a holder of roughly 1.5 million shares who has brought in about 11 other investors, what I find problematic is that every time our CEO and President goes to a conference he offers up a timeline for the Feas. Study which never comes to fruition or a funding agreement which seems to be non-existent. And while I am certain that there is at least one member of the 47confidentiality agreement participants that are ready to make a deal - a deal does not seem to be impending?
I feel badly for the 12 and 15 year investors that continue to stick with Fortune - they have been treated unfairly and should have at least recouped their initial investments by now.
Sad to say but I fear that further delays will lead to further dilution because our board and executive cannot execute an agreement. A great geologist does not necessarily make a great CEO, decison maker, and leader of people.
I have been invested in FT for 5 years now so I am not as long as Fortune Jim, Old Dog, Adeck Goski, and some of the original contributors to this board. But what I do know is that it has been painful to watch this investment languish.
In any case the AGM is coming up in roughly 8 weeks or so and if you want to raise a stink then you should all be emailing the CEO of POSCO who continue to be the largest holder of shares!
However, important note: there has not been a significant turnover of shares for the last few months - this should be viewed as a positive sign that a development may be coming.
Good Luck To All,
Yellowknifer