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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Comment by victor2009on Jun 08, 2011 3:38pm
173 Views
Post# 18689120

RE: Follow Up For Maroon

RE: Follow Up For Maroonthroughmud,

It may well be that the new member has an agenda in stating that six of the seven on the Forbes & Manhattan slate are head and shoulders over the URSA slate. Actually it involves five of the seven, as one person is on both slates. I'm not about to accept the opinion of a new poster who makes these claims, without any substantiation as to why these five are superior to the URSA six. I certainly don't see anything that indicates the F&M crew walk on water.

I have noted that Vic Alboini is the top dog at Northern Financial - as such he is responsible for Northern Securities, a company that settled with Regulation Services in May 2008 and agreed that it had contravened "Universal Market Integrity Rules". The company also hit the news this past week as Northern Securities and an employee were penalized for contravening the regulations of the Investment Industry Organization, following a disciplinary hearing.

As Maroons has pointed out Randy Miller has a record of sanctions instituted by the BCSC, and has publicly stated that he enlisted the services of an individual serving a 20 year BCSC ban for embezzlement of public company funds, when raising funds for the Langmuir exploration effort of Inspiration Mining.
 
sumsg200 may feel that these type of infractions have no bearing in evaluating potential Directors. I find it cause for concern.

I know nothing about Forbes & Manhattan, my initial assessment is that if Randall Miller is an example of an individual they put forward as a Director, their standards do not meet the criteria I look for. To associate themselves with a person such as Miller, with the explanation that he has guided a company that has raised $60 million and turned it into a market cap of $17 million, would trouble me. Is this the kind of leadership they are looking for in their proposed Board of Directors?  Shareholders of ISM familiar with Miller's track record at ISM would be less than impressed with his selection as someone that would build shareholder value. Those that participated in the $6 ISM flow through placement by Dundee in July 2007, would be particularly unimpressed - they've been part of the Miller Magic that saw their investment drop 96% in four years. Four years in which Miller was handsomely compensated - reaching a high in 2008 with a Total Compensation package valued at $4,048,492!  Nice pay for someone with that record of achievement - plus he's arranged a multi-million dollar loss of office package for himself, that to my knowledge is unmatched in a public company of ISM's insignificance.

If you're judged by the company you keep, I'd say Forbes & Manhattan's association with this guy is ill-advised.

I find it interesting that Forbes & Manhattan list William Randall, MSc., P.Geo, Mining, as a member of their Technical Team.  This is a mining expert that questioned the integrity of anyone that would be associated with a certain public disclosure issued by Inspiration Mining. ISM and Miller initiated a libel lawsuit against William Randall over his comments - like most of Miller/ISM initiatives the lawsuit fizzled.  It would be interesting to know Mr. Randall's assessment of the Director his F&M colleagues want to jump in bed with.

throughmud, I hope this works out for you - regardless of the outcome of the vote. As I've said from the start, until I'm assured that Randy Miller will not be involved in UMJ, I will remain a spectator.
 
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