RE: RE: RE: NAU's code of ethics I would like to know how many shares Karl-Axel has reached in his back pocket and bought along with the Board members. The problem is management has no dog in the fight (except Anders). When you are working towards your state mandated retirement, yoiur summer cottage, and vintage car hobby rather than putting yourself at risk with the shareholders then you cann't expect much. There needs to be a management change. KA hired all his buddies from Boliden and Lundin and they sould all go.
I am going to get in touch with the Oslo Bors and TSX and request an investigation of the trading preceeding the sell out of the North Americans. I believe a review of the news releases will not lead a reasonable person to expect another equity issue and a junk bond to fund the company and the project. Even if they are found to be in some violation what financial good does it do those of us who where damaged so badly?
I understand that the long leadtime items had to be paid for, and the project was in need of the money to complete it, but if the orginal club deal had come apart then anders and KA should have told the shareholders and laid out their plan going forward. The 45% discount was the only way they could sell the equity issue. There was coverage in Norway saying the target price went from 27 NOK to 11 NOK. Everyhone wants a double so the financing price haed to be below 7NOK. This hole is so deep only the Swedish state and the Swedish Unions are going to make out. We are screwed!!!