Brief Summary of AGM in Kelowna
Hi folks.
For those that care and are interested, this afternoons AGM reminded me of a 25 cent circus show. Several questions were answered with a slight hesitation, as if to say "less is best". Chuck being him usual self, imitating Elmer Fudd. All items on the agenda passed, however some investors did voice their genuine concerns regarding the board to be given the discretion to initiate a 15 to 1 consolidation of shares. Chuck's rationale behind this is obviously due to current market value of materials in the ground along with a greater opportunity of attracting a JV and maybe even a Private Placement. To sum it up best, the money well is dry. They need cash, otherwise Cantax will continue to sit and idle. The power point presentation included information, graphs and maps of the projects in Nevada, Yemen and the Greenland JV with MTX. Based on the information presented today, the boyz have been busy in Yemen and have several potential prospects possibly worth in the billions.
Yes, that's right....BILLION$ $,$$$,$$$,$$$!!!!!!!!!
I will say one thing; Chad Ulansky has to be one very busy young man. He has been and will continue pounding the pavement trying seek JV partners as well as oversee the on sight operations. Things are still hostile in Yemen and the Gov't says stay home. I left today's 3 hour AGM with the impression Chuck has already handed over the reins to Chad. Is it true, Chuck's new true love is horses?
This could very well be! Why not when your a multi-millionair.
I guess one can do whatever they truely wish....right !
Anyways, I'm sure others in attendance will add their 2 cents worth
shortly in time. Goodluck to all of the patient longs holding on to Cantax.
Munibag$