Recently written reportAs per an earlier post I have attempted to contact Jennings ( e-mail and by phone) to gather more information and opinions as a result of their recently written report. To date I haven't heard back yet (although it has only been a few days) but I will report my findings to the board or is that "bored". Of Course they may be in shock to find out someone is actually interested in this company and read the report. lol.
In the meantime I have cut an exerpt from a recent press release from the company:
The Company is also pleased to announce that it has engaged Jackson Strategic, Inc. of New York, New York, the principal of which is Jonathan Berg (the "Consultant") to provide advisory services to the Company designed to raise awareness of the Company in the investment community.
As compensation for its services to the Company, the Consultant will receive US$10,000 per month and has been granted effective August 20, 2010 stock options entitling the Consultant to acquire 100,000 shares of the Company at an exercise price of Cdn
.61 per share, subject to the approval of the TSX Venture Exchange.
I am still trying to figure out what $10,000/month buys us. Judging by the price of the stock I would say not much at least not yet.
bahamas19