Market needs a head. Minimum Smith and two Directors need to be either fired or resign. The market will except nothing else unless they are completely exonerated . Can you imagine a coach in the NHL wins the presidents cup and then falls to last place in disgrace. How about the CEO or CFO of RIM falling from $100 share price to $11.00 or ............................................................ this is ridiculous. Where in the business charter for the Venture does it say "Impunity under any circumstance"?
Smith and Nick shook my hand and pontificated madness to my face and to everyone else in the room at the AGM two years ago and perpetuated it. They either really believed the dung they were hurling, in which case they should get the hook, or they knew it to be exaggerated and should be given the ribbon of shame and punted. 200 million shares out, what's the number of shareholders hurt ? TIG ok results today. Immediate reaction? No support of management. Nick's greatest and most repeated retort when questioned about share price. "Look at our market cap, it's greater then comparable juniors." What's it today Nick? $55m with $90m in the bank?
Incredulous!