RE: RE: RE: ... don't blame TAM for the crisisCan you tell me where I said that please? Thanks in advance.
I agree with something Cali/Cruc said a bit ago.
But they ensure they award themselves plenty of options in a heads Iwin, tails you lose option award program in the remote chancelightening does strike. And they'd never bother to set up a play withshareholders interests to align with theirs anyway - that would bepatently absurd from their perspective. Instead, they've got thesweetest deal you can get - a 3% GORR that comes off the top, regardlessof profitability. The first 5 deposits can generate ~$1B revenues if Irecall - and PK/Burns get 3%, or potentially $30MM regardless ofwhether PP ever makes a dime of profit.
As such, PK/Burns have 30MM reasons of incentive to get PP intoproduction. But absolutely no incentive or concern if shareholders evermake a dime - to them, profits are totally immaterial. All they need toretire in comfort and make a small fortune is to keep PP producing foras long as possible. PK set up the gravy train from the start - ifprofits come, it wouldn't be of much interest, other than ensuring evenmore royalty income flows her way.
Recall that PK and Burns sold PP to TAM for a nice windfall yearsago - for several million if I recall correctly - what were their costs?Nothing, other than restaking PP and filing a bit of paper work. Andnow, for merely doing her job and 30MM reasons to get PP funded anyway,her crony hand picked, lap dog BOD gives her 2% finders fee forfinancing regardless of price - 12.5% paper with 7.5% fees - eh, whocares? PK gets $300K for arranging what is effect loan shark financing.Got to love it. And some here think it's a step in the righZSZWNvbW1lbmRhdGlvbl81JykiIG9ubW91c2VvdXQ9Im1vdXNlT3V0KCdfZGl2UmVjb21tZW5kYXRpb25fNScpIiBvbmNsaWNrPSJPblNlbGVjdFJlY29tbWVuZGF0aW9uKCc1JywnU2VsbCcpIiBzdHlsZT0icGFkZGluZzoxcHggOHB4IDFweCA4cHg7bWFyZ2luOjA7ZGlzcGxheTpibG9jazsiPlNlbGw8L2Rpdj5kAgcPFgQfAQUuPHNjcmlwdD53aW5kb3cucGFyZW50LmFkakhlaWdodCgxNTApOzwvc2NyaXB0Ph8AZ2QYAQUeX19Db250cm9sc1JlcXVpcmVQb3N0QmFja0tleV9fFgEFBWlidEdvNR0Pc9t19Gcvp9fs+YQAkyWwJi8=,Can you tell me where I said that please? Thanks in advance.
I agree with something Cali/Cruc said a bit ago.
But they ensure they award themselves plenty of options in a heads Iwin, tails you lose option award program in the remote chancelightening does strike. And they'd never bother to set up a play withshareholders interests to ali