There are Biger fish to fry 1. Mount Kellett has never filed one single report of SEDI. That can be attributed to the B.C. Securities Commission omission to act. MK's filing on SEDAR shows that it is the beneficial holder of 67,421,117 Baja common shares.
2. Ross Glanville ceased to be a Baja insider on May 25, 2011. His last filed SEDI report (actually, about ten reports) was as May 10, 2011 and it showed that he owned 20,000 Baja common shares.
3. A few other current insiders and their holdings of Baja common shares include Charles Hennessey (senior officer) at 750,000 shares, John Greenslade (director) at 830,000 shares, Giles Baynham (director) at 750,000 shares.
4. Current insiders by virtue of being 3% to 10% holders of Baja securities include:
(A) Robert Mouat holding of 11,780,500 shares as of today.
(B) Endeavour Mining Corp. holding of 12,172,222 shares, Endeavour Mining spun out Endeavour Financial exactly four months ago on Nov. 9, 2011. In addition, Endeavour owns Warrants for 6,915,416 Baja shares.
(C) Louis Drefus Commodities Metal Suisse S.A. holding of 33,300,000 shares. In addition they hold Rights for 32,413,182 Baja shares and the hold Warrants for 7,408,727 Baja shares.
With regards to Robert Mouat, I remind you that his trustee received 14,700,000 FGW/(BAJ) common shares on April 20, 2004 at the time of the Mintec reverse takeover of First Goldwater Resources. There were a total of 40 million FGW/(BAJ) common shares issued to the three registered shareholders of Mintec. Mintec had been incorporated in Barbados in October, 1993 and held all of the shares of MMB at the time of the RTO: it wholly owned the Boleo property and mining claims.
I value these 40 million FGW/BAJ) shares at $30,000,000 dollars (or CND 75¢ per BAJ share) at the time of the RTO. The reason is because Mintec capitalised Boleo project cost amounted to CND $30 millions. Other issuance of FGW/(BAJ) shares at the same time were priced at 75¢ per share (Short Form Offering and Private Placement).
Without the money and efforts of both Robert Mouat and John Greenslade there would have been no MMB, no Mintec, no Baja Mining Corp. and no Boleo project. I won't forget that. I shall forget Mouat's letter today to Baja shareholders. He has exactly the same entitlement to express his views as and you and I have to post on this forum.
For all the work Mr. Mouat did, his trustee ended up losing money on the 2,899,5000 BAJ shares sold between 2009 and Feb. 2, 2011.
Forget it my friends. We have bigger fish to fry.
Doug.