Crow, trust and MK While I sit here and eat a little crow I question why MK went after BAJ BoD in the manner they did. They attacked them based on Kendra and options. Had MK gone after them on more solid issues, which we now know exist, why were they not transparent about it? I blindly supported BAJ BoD as MK's assault seemed very personal as opposed to sound logic.
BAJ BoD and Mgmt must have known about creeping, climbing and skyrocketing expenses for quite some time, including well before the April 03 meeting. 30% cost increases do not happen overnight, nor over a month. I cannot believe they did not have solid indications of substantial increases months ago. The fact they waited this long to announce an increase, when they must have had knowledge for many months, causes me to question my trust in BAJ BoD and Mgmt. Yes, they are being financially punished along with the rest of us, however the timing and scope of the overruns is dubious.
When I first joined this forum, about the same time as Traderpaul, I was villified by the myopic for having the audacity to question BAJ BoD. I eventually joined the ranks of the myopic. My initial gut reaction though to MK's quest for two seats, was to support them as why not seeing as they have 20% ownership.
After reading many posts here, reading a great deal about both MK, BAJ, the characters involved, I chose to support BAJ. Had MK made a proxy case that appeared less personal and more logical, I would likely have gone the other way.
This does not mean for one minute that I trust MK or believe they have my back, however my blind trust in BAJ BoD, Mgmt and belief they can do no wrong is long gone.
A sense of betrayal comes to mind.
I still believe in the Boleo project long term and that we will all see a handsome payoff.