OTCQX:NTGSF - Post by User
Comment by
Sunflyer11on Nov 28, 2010 2:28pm
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Post# 17768064
RE: RE: RE: Rookie management
RE: RE: RE: Rookie managementOF, course, I would be praising management if they hit...and yes when they virtually abandon a sure thing for a swing a the fences, I am critical.
Lori's credentials are michey mouse and our leader's background is in finances----this, I beleive was the source of the problem.
Let be explain further, addressing the financing issue. If they swing for the fences and hit , most agree we all win.
IF, they miss, which they did, management/ the big guys win again with vaforable options at very low prices and a juicey Private placement.
IF, its at less than .40 cents , its robbery and i am out. Management needs to get at least .55 to save face. This is not about conspiracy theories, its how the exchange works. Many juniors mine the exchange with continual PP and their management gets rich while the little guys get diluted out of exsistence. Norant NOT is the worst example of this.
Management swung for the fences because they win either way.
The sensible drill program---6 at the main discovery zone, with 2 elsewhere keeps the stock range bound .60-80--but was not what coffin and other financers wanted. As it turns out the a focus on the main zone might have given us .90 cents. But, our leader made decisions in his and the big guys best interests.
They gambled with our money and lost. Is it so unreasonable for us to ask the question--- what was the geolgical basis for shifting the drills away from the discovery quartz vein? Those who claim communications to management should ask rather than blindly defend them.