Concerning the 8kI had discussions with the Company concerning the 8k on Friday. It was planned to be out Friday. We don't have evidence of its filing right now although I know such things can take a little time to get offcially posted. If there is no evidence of its filing by late afternoon on Monday, I will not be happy and will be calling them to find out precisely what the hold up is. Until that time, I will patiently wait. I should note that the 10Q for the second quarter was due August 15th. We should see either it being posted or a notice that it will be filed late.
As many are aware, I write a free quarterly Newsletter. The only currency I have is my reputation and I have now put that currency on the line by recommending Douglas as an investment to readers (not to mention a sizable personal investment). Douglas management has muted some stinging points made by Moriarty by hiring alluvial gold experts, diversifying the Board of Directors and filing the 8k on the property's closing. The big open wound is the official status of the Chinese investment and their involvement in the company going forward. The longer it takes for the official 8k concerning the Chinese, just gives Moriarty's objections concerning management more weight.
I would propose that if we investors don't see an 8k concerning the Chinese and/or the 10Q by the end of August, that we should either consider leaving Douglas as an investment or joining Moriarty in changing management. For now, I believe with the success the CEO Harp has had in acquiring numerous properties and landing a potentially world class gold deposit Mbwemkuru right in Barrick Gold's and Tan Range's back yard, setting up strategic partners in Tanzania and the Chinese; he has the capability of bringing Mbwemkuru into production and making the stock a success going forward. However, as Moriarty has pointed out investors have to have confidence in the management team and that proper legal documents have to be filed.