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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by 99921on Feb 15, 2011 1:12pm
206 Views
Post# 18136866

RE: NAG Frustrations

RE: NAG FrustrationsSergeant, we all share your frustrations with this company's apparent inability to outline a plan to its shareholders and then to execute that plan. From what we see as outsiders management is not doing a good job, to say the least. However, from my understanding of how a public company operates you are not going to be able to "remove Charles" through some Egyptian-style mass written demonstration by shareholders. Shareholders vote for members of the board of directors and it is the board that hires the CEO who then reports to the board. The last time I looked the board was comprised of management members and others who appeared to be friendly to Charles and the existing management. The only way you could change the status quo would be to field a new slate of directors that had expressed the intention of making changes in the management structure and to then rally the shareholders to vote that slate into power. I am not aware of anyone who is proposing to stand for election to the board or to recruit such people with the intention of making changes at the top of the company. So shareholders are, as I see it, relying on Charles and the present management to lead NAG into the bright future that has been promised to us for so long. Good luck to all concerned.
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