GREY:TWNNF - Post by User
Comment by
letsgetreadyon Jan 14, 2011 1:56pm
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Post# 17973817
RE:Joe Dwek
RE:Joe Dwekmy problem with Dwek is that mineralfields get paid by the investors to manage the flow thru funds they put into the fund..say 2-3% per annum
they then have an obiligation to invest in issuer company's flow thru shares..its their job to do this and they get paid handsomely by the investor (see above).
WHAT I DON'T UNDERSTAND AND TO ME IS A CLEAR CONFLICT AND, I BELIEVE BREACH OF FUDICIARY DUTY, is that they then get paid on the side (cash and warrants are paid to a Dwek related company called Limited Market Dealer) by the issuer company to invest in that company's flow thru shares. IN MY MIND THIS MONEY BELONGS TO THE INVESTOR (ie Mineralfields could have negotiated a cheaper PP flow thru price per share had Limited Market Dealer (LMD) not also been paid on the side and the issuer company wouldn't have been out of pocket)..Why is LMD being paid when its Mineralfields job to invest the investors money..something smells bad here in my opinion..an additonal fee should not be paid for Mineralfields investing the money they are supposed to invest..the investor and issuer company both lose..Dwek wins