RE:RE:RE:track record of Hodges & coAccording to news release today it says: "The company has been informed that the ultimate buyer of the most recent gold sales is Kaloti Metals & Logistics LLC". The press release yesterday notes: "The company has to date used offtake arrangements, whereby the proceeds from its gold produced at the Corihuarmi mine have been paid into a Jersey bank account operated by Minera IRL, a company incorporated in Jersey, via a Swiss refiner. This has allowed the company to maintain full control of the proceeds from gold sales, which can then be disseminated down to its operating subsidiaries as required". Then in the same news release its says: "However, due to recent efforts by Diego Benavides, the former interim chief executive officer of the company, in his role as president and general manager of the company's Peruvian subsidiaries, to amend the existing offtake arrangements, such that the proceeds from the sale of gold are directed straight to the Peruvian subsidiaries, the company's existing offtaker has suspended receipt of shipments of gold in dore for refining and sale. Furthermore, the company believes that Mr. Benavides may be seeking alternative solutions for the sale of gold dore produced from the Corihuarmi mine, which would likely involve the proceeds being transferred directly to the Peruvian subsidiaries". What does this mean? Head office does not have control of the revenue and Benavides is acting own his without board approval. Funds are being directed to the Peruvian subsidiaries without Board approval. Wow! It appears to me that this may end up very badly for the stockholder of IRL. Mr. Hodge appears to me to be on the right side of this mess.