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Mosquito Consolidated Gold Mines Limited V.MSQ



TSXV:MSQ - Post by User

Comment by halcrowon May 03, 2012 12:57pm
151 Views
Post# 19867032

RE: the story is CUMO

RE: the story is CUMO

"The CUMO is bigger than Brian"

Not so. At present, Brian and the other six directors control Cumo and the company (cash, contracts, Kirkness and chequebook). What he says, goes...and if he says sell the Cumo, it's likely gone unless the dissidents can get a court to put in an administrator (and the present BOD could, IMO, argue that Kirkness, because it generated profits on the last financials, is the jewel in MSQ's crown) to run the company and block the Cumo sale.

Of course, with the default-time-frame ticking on its BCSC default histor, perhaps the company might just be Rhonda-ized and become non-trading and non-reporting...with the BOD still in control but out of sight.

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