OTCPK:FRSAF - Post by User
Comment by
JohnEStromJron Nov 15, 2011 4:10pm
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Post# 19239364
RE: RE: CIL Plant
RE: RE: CIL PlantIt seems Richard Goodwin always has an excuse. The stock's performance is pathetic and he's hiding behind a news "blackout" or "quiet" period? If Fire River had over $7 million in the bank at the end of July, has nearly another $3 million for sales of concentrate why did he need to borrow $7.5 million, put up the company's entire assets as collateral and given Sprott such a sweet deal - we are paying 12% interest, we paid a $50,000 'fee' for Sprott to lend us their money AND we gave them the right to buy $750,000 worth of stock at a 10% discount. THAT is not a smart president or CEO. Richard Goodwin needs to tell shareholders where all that money went and quit stalling. He also needs to tell us why Fire River can't deliver dore that can be refined OR sell to the Chinese who CAN refine it. He also needs to issue a NR when he ships dore from the company and provide guidance as to when we will be paid. So far he's been a huge disappointment right along with the stock performance which is his responsibility.