RE: WHAT NOW ????As a shareholder of the past, I can relate to your frustration of what is going on here. It seems some companies are crying wolf, and blaming their demise on the general markets, as is the ceo of this company. This is a cope out in my opinion.
There are numerous companies who are doing just fine raising money, and able to put a drill in the ground. Look at PEM, ATV, NAI for instance, they didn't have problem raising money. Geez, PEM has even upped their PP from $3mil to 10 mil, and it looks like that is fully subscribed in short order.
Folks, I am in the same position as you are here with another one of the juniors I own (Logan Copper - LC.V - .005), who are asking us for a rollback as well. They ran the company in the ground, and are now asking us to bail them out with a share rollback. This seems to be a fad these days or these incompetent exec's. If they can't get the job done, they should step aside and bring in the experienced folks who can. We little shareholder can't be bailing out these inept exec's all the time. They too have to stand up and be counted. If you or I don't do our job at work, we pay the consequences.
Anyway, I feel for you folks, but I am in the same boat with LC, so when it comes to my turn to vote in a week or so, it will be a resounding NO as well. These guys should step aside and bring in a joint venture partner with some money and know how, or sell to another company. These guys supposed to be bright people, so they should know what needs to be done.
Sorry for the rant on your board, but I still keep tabs on the recent stocks I got rid of, and saw the news today.
Good luck in whatever happens here.