we should thank the president...LOLwhat about Feni??...i just dont get it. they state the (see bottom) paragraph, specifically noting the IPO DID NOT include Feni and they state they moved the drills there in April...where are the results, what is the expectations??? this seems more like a diversion of excuses...we are undervalued becuase VAN mgmnt continues to short change the shareholders...we as shareholders SHOULD HAVE recieved all the joint venture stock as a dividends.
We should thank the President!!??...well Fank You!!!what a fricken joke...he lost our audience and our confidence. Hoards the stock internally, single handidly devaluated and diluted our shareholders value and blames it on income tax selling. What a bait and switch memo bunch of crap about increasing asset base..they GAVE THE ENTIRE PROJECT(S) AWAY for a smaller percentage people...WAKE UP!!! those MILLIONS they are bragging about are only just a smaller percentage of what we really once owned as shareholders and NOT only is it diluted WE should have been the recipitants of the stock as a dividend.
it makes me sick to my stomach to think VAN can get away with this???
from the memo about Feni, i intially brought up...
""As referenced, we are awaiting the TSX Venture Exchange to approve the IPO for Pacific Kanon Gold Resources. The bureaucrats received the information in August. The Draft IPO is filed on Sedar ( https://www.sedar.com ). VAN should receive 22.5 M shares of Pacific Kanon once its approved. The IPO price is set at $.40. Pacific Kanon has the PNG projects except Feni Islands, and Mt Nakru. There was alot of work done during the year after we moved the rig from Mt Penck to Feni in April. I understand there is about 2000 assays pending for Mt Penck, and Fergusson Island, both projects are in Pacific Kanon. Based on the IPO price, the shares of Pacific Kanon that Vangold eventually books on its Balance Sheet are worth an additional $9 M in assets."""
what HAPPENED with the drill results since April???????