Cornerstone Capital Resources Inc V.CGP

RE:SolGold 85% Interest Is Conditional

[cigarbutts]

ClockKing11:

Your chances of CGP getting the 85% back are significantly LESS THAN the chances of CGP not being able to fund it's share of the project after the FS is completed.

Reason being is simple my friend................In my opinion the PR put out by CGP just  the other day in response to the "offer" by SOLG is MATERIALLY FALSE ANDMISLEADING.

And you my friend have taken the bait.   To put it kindly,  I think Brooke MacDonald  misspoke intentionally to justify why CGP should continue the SG&A "drag on shareholder value"  which continues today.   You do know that CGP is not really "managing" much on the project level,  and on the company level  they did further dilute shareholders this time last year at 20 cents when the stock closed 2017 closer to 30 cents.    In a Private PLacement no less wherecompany insiders took down about 24% of the offering,  no less.

My point about Brooke Macdonald is easily proven:

1) Press Release about LOI with Solgold dated April 10,  2012  (CGP Sedar Filing)
2) Press Release dated July 24,  2012 about Definitive deal (CGP Sedar Filing)
3) Press Release dated Feb 19,  2013 about Re-negotiated Terms of the Option Agreement with SOLG   (CGP Sedar Filing)
4)  Press Release dated Dec., 16,  2013 about SOLG intention to earn the 85% interest.
(CGP Sedar Filing)   
5)  Press Release dated February 25,  2014 seems pretty clear to me that CGP acknowledges that SOLG has earned and owns 85% of ENSA.  (CGP Sedar Filing).

And last but not least  SEDAR filing by Cornerstone dated May 27, 2014  pages 4 and 5.
Cornerstone changes it's accounting for ENSA and alters its financial statements because  they say that they no longer have a controllng interest and acknowledge that SOLG has 85% interest in ENSA andthey have 15%.      

So  IMO Brooke should take a hike and this BOD fire him for cause  and save us some of the "drag on shareholder value"  for making a materially false and misleading statement just the other day.    

Some of the wording is a bit confusing as to who pays what but clearly the $2.5M was spent.