RE:RE:Touched 9 cents post consolidation...Too funny (well sad and pathetic really).
The road to disaster seems simple:
1. President changed in 2012, debt ramped up very rapidly, salaries increased even in midst of market crash and dearth of financings.
2. Work stopped on the property and news flow basically trivial (no assays or material changes regarding the company's assets).
3. Pushing key people out the door and replacing them with others who appear unproven.
4. When challenged to this they then spent what appears to be $100k on the 2013 AGM when challenged by a dissident group to cling to power of the debt ridden shell.
5. Drilling yet not assaying holes as reported in 2012.
6. Reporting holes were in the lab yet there is a "delay" of over 2 years and counting.
7. Salaries keep accruing which according to financials add up to hundreds of thousands of dollars (anyone home?)
8. New CEO brought in during the summer of 2014 supposedly to finance the debt ridden broke shell.
9: No financing due to all of the above I assume and the recently appointed CEO resigns.
Another one seemingly bites the dust on the TSXV. I guess I should dump the rest of my destroyed position before everyone else does for tax loss selling. That said, the longer we all wait the better the tax loss we can get out of this one ugh.