RE: Still Diggingnot really suprising smart more then anything most of these guys have there own level of expertise and if you understand the time it takes to set up a mine and how unneeded it is to have someone there at all times especially in a venture mine sharing resources (people and there expertise) is good business sense. besides we don't put all are eggs in one basket investing and neither do they they most likely own good chunks of the shares allowing them to sit on the board. there taking there risks just like we are they cover there ass as we do if this scares you then i'll be more then willing to pick up the shares that you don't
----------Original Message Posted 11/12/2010 9:56:54 AM----------
I had hoped to elicit a discussion or feedback about this company. Any responses are welcomed. Still digging, I've found some other stuff which is strange indeed. The mysterious actions around the 8th floor of 65 Queen Street just keep growing. I'm starting to wonder if they own the building.
Notice who the agents are for Apogee's latest offering? Delano Capital Corp. who are surprisingly right across the hall in suite #800. Checking the members of Delano, we find Tony Wonnacott and another Bharti. Is this the same Tony Wonnacott who served as Apogee's past Corporate Secretary? You bet.
I mentioned Castillian Resources before who share the same suit #815 of Apogee as well as directors on the board. If you look at a recent purchase of theirs, they bought a mine from Alder Resources Ltd. Where is Alder located? You guessed it, across the hall in suit #800. The same suite as the above mentioned Delano Corp. Of course, Delano wouldn't be complete without another Bharti (Rene the CEO),and besides the most likely familial relationship, Rene and our Stan Bharti serve as members of the board on various companies including Rodinia Lithium (Suite #815, same as Apogee) and Avion Gold (Suite #800).
Is this kind of Nepotism and selling mines back and forth starting to chill anybody else?
The latest offering of Apogee gives 7% of a $6.5M to basically themselves. In that case, why do they even need the agent.