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Advanced Explorations Inc. ADEXF

"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."


GREY:ADEXF - Post by User

Bullboard Posts
Post by zedman4on Jun 06, 2009 12:28am
338 Views
Post# 16048935

Incompetence as usual...

Incompetence as usual... I tried keeping away; but since I am a share holder; I feel
 that I have the righ to give credit or blame where it's due
Unlike previous winters,there was no watchman at the
property this past winter. If there was; he sure didn't earn
 his wages;so one can imagine that the property was actually
 vandilized and looted  big time of equiptment, atv's,
snowmoblies, lap top computers, (6-7?)etc.etc all disappered!
The company was adviced to invest in a few sea-cans,
fill them up with all the portable valuables and weld the
 doors shut till the next season. Apparently this advice
was not followed.
Also trying to hide barrels of gas under a stacks of empty
45 gallon drums was child's play for people helping
themself to free gas. Again the drums of fuel bought a year
ahead of time unfortunately at peak prices should of
been secured in sea-can containers welded shut.It's just
common sense.
AEI should look at other northern operators (ie Kudlik
Construction) and see how the universal sea-can is being
utilized as bunkhouses, garages,worksops etc, rather than
spend hundreds of thousands on rental fees year after year
for a tent camp.
This current administration lacks experience and common
sense . They have burnt  through hard sought after funds
needlessly simply because they refused to keep full time
staff on the payroll ; as a result their is no company loyality or
dedication. Evey summer they keep bringing in new hires, on
the cheap which ends up costing more in the long run.
The Million that aei is trying to raise with the current stock offering
@ $0.20.will not go far, not if what I hear is true ;that creditors
still need to be paid from last year.Not good news at all.
Outside of a miricle; I do not expect much in the way of the stock
price rallying; not with the summer dolldrums just around the corner 

Five drills on the property is just too expensive to be justify by a penny
stock with empty pockets.( n.b.,there still the final $ owed to Roche Bay plc)
What were they thinking?
 Hopefully the new guy will shake things up, because Ginger and 
his  last team. donot impress me one bit.
Bullboard Posts