Harborside Inc. C.BUDD

News

[Snegamook]

I don't see the co going anywhere while it flounders around with the present Tembo property. The current and temporary ceo is doing his best to hold the outfit together but ownership has clearly changed and I get the impression there is no direction from the board. The former ceo seems to have given up on management and is selling his shares. The controlling block must be divided between two groups, otherwise they would have had to declare their controlling position. I suppose they will have to show their hand at the annual meeting in a few months time. (Bring beer and sandwiches - it could be a long one). If there is any cash left by that time, the company might be restored into something worth owning. There's plenty of opportunity left in Tanzania but it needs someone living on the ground to find it.