RE: Misinformation on this forum stack, the company DID go from over $1.40 to
.06 in a few months back in 2009. Since then Brennan has spent a mountain of stock getting us to where we may have a loan - but keep in mind we still do not. Yes, hopefully Friday, but until it's a done deal I would not announce victory. Why did he announce beginning of construction before the loan was approved. Everything seems to be back asswards with Largo. As for the reverse split, I've owned a few companies that did them and not one ended up being of benefit. All were an announcement of defeat. When I first invested there were 70 million shares out and the cost was in the
.69 range. Now, fully diluted, there are over 1.2 billion shares [or close] and the company hasn't increased that significantly in spite of all the money that's been borrowed. But my outrage is that FABULOUS increase in Brennan's salary. Why? He was making a damned fine salary and it better than doubled? He is NOT worth $840,000 PLUS huge stock options. Junior miners have become greedy. They don't have to prove the company is making shareholders money - SCREW shareholders. People like Brennan want theirs NOW. So yes, though it sounds harsh, with his missteps and his outrageous salary and his lack meeting schedules and not keeping shareholders informed - I would vote to terminate his services, save that money and bring in a CEO that has actually RUN a mining operation - or at least built one. He's done neither. Just my opinion and obviously many here think he walks on water. I don't.