Today’s news in a nutshell… Today Vanadiumcorp announced that they booked one of the Speaker spots in an upcoming “VIRTUAL” Strategic Metals Conference. WTH?
Usually the participation and cost of time and money involved in such events is reserved for when the company has something worthwhile to promote to an audience.
Are these people running VanadiumCorp actually going to go onscreen to announce the past 10 years of retracted news releases, withdrawn reports, unsuccessful joint ventures, MOUs and LOIs, numerous halts, Cease Trade Orders, and burning through millions of shareholder dollars?
Here is the way I see THAT presentation proceeding:
“Hello Ladies & Gentlemen , My name is …yada yada
- VanadiumCorp is pleased to announce that it is very encouraged and relieved to be back from being suspended for 10 of the past 14 months of trading.
- We are also proud to announce that VanadiumCorp’s management actually accomplished, contrary to regulatory requirements, to file your company’s Audited Financial Statements LATE for the past 3 years in a row. We are not aware of a single one of our company’s peers that has yet to accomplish such a feat!
- In other news, we, the Board, have managed to promptly “remove” our CEO/President of 9 years, Adriaan Bakker, for various undisclosed reasons we’re not willing to advise you of.
- However, in spite of his incompetence and the destruction caused to your company during his tenure, we have wisely decided to retain this EX-CEO as the Chairman of your Board so he can continue to forge the direction of our Company!!
- We do still have the Lac Dore Project, which we haven’t managed to do any work on for years, and have no money left in the bank to do any more
- We don't really wish to discuss the $5+ million Joint Venture on VanadiumCorp’s Iron-T project which the Optionee defaulted on two years ago, none of the $5 million exploration commitment was ever undertaken
- We still pondering whether to write down this Iron-T Project to $1.00 (as we were probably required to do 8 years ago per GAAP), instead we chose to fool everyone and keep it on the books for $1.9 million ;)
- Management does, however, wish to remind all of you that we will have about $400,000 in work and renewal costs to pay on that Iron-T Project within the next 12 months, so please give generously in the next round of our dilutive funding
- Did I mention that we planned a multi-million dollar round of drilling and testing on the Lac Dore Project and will need to sell tens of millions of dollars worth of shares to accomplish that? Again, send lots of money in our next Private Placement!
- I would also like to remind you stakeholders and potential investors that VanadiumCorp HAS succeeded in becoming technically insoluble.…but please don’t let that in any way deter you from contributing more money, even though we’ve depleted every penny of your cash to date
In closing, on behalf of Vanadiumcorp’s duly dubbed “Crack Management” team, we’d like to thank you for tuning in today ;) Send Money!!!