OTCPK:BLGFF - Post by User
Comment by
Cheezetacoon Aug 30, 2009 6:10pm
432 Views
Post# 16262631
RE: RE: FRAUD - INSINUATIONS BY LLP?
RE: RE: FRAUD - INSINUATIONS BY LLP?What will really help this situation is when Bear Lake Gold gets the reults from thier investigation on the reserve reports. You never know, it may be just one drill report on a vein that isn't accurate, once that is clarified the class action will have no justification and will drop. However, if it proves to be major reserve reports on the entire property that are incorrect, then action has to be taken. This lawsuit is not to just point the finger at people, it is to make sure that the company crosses it's T's and dots the i's before announcing a formal public reserve report so mistakes like this won't happen.
Alot of people waited and bought on the news, which is supposed to be accurate, analyzed and verified by the company and a third party.
I'm hoping on the upside here and hoping it was just a little glitch in one of the reports that can be corrected, proving that there is still a great potential here and normal operation can ensue.
Just my .02