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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States of America, and is re-evaluating the Relief Canyon mine in Nevada, United States of America. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosala operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosala. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility.


TSX:USA - Post by User

Comment by JamesBlenderon Aug 21, 2013 3:15pm
133 Views
Post# 21687302

RE:RE:RE:RE:83 million shares outstanding

RE:RE:RE:RE:83 million shares outstanding
"My argument has only been that former USA shareholders got screwed by this merger."  OK, so we understand now, you are still complaining about something that happened over a year ago.  I'm curious, do you have any statute of limitations on that complaint?

No limitations on the major screwing that USA shareholders took on the orchestrated merger of USA with the bankrupt RXE for me. Why anyone would accept such a drubbing is totally beyond me. Time does not replenish the losses USA shareholders suffered because we can't issue ourselves millions of options, like the insiders do on a regular basis. They just awarded themselves another 3/4 of million options while at the same time firing 1/3 of their staff and being at the helm of USA when the share price is at all time lows. I suppose we should just accept that, too? How about the MAJOR DILUTION inflicted on shareholders? And don't give us all that garbage about money in the till because there were other options. 

USA shareholders were clearly better off without the merger and the better management team argument is pure garbage. The only people that benefitted were RXE shareholders because their shares were headed to zero and with the merger they essentially traded their bankrupt RXE shares for USA shares.

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