RE: AGM notes>>CMK Board - please settle with the cjsell, two points of clarification.
New COO stock purchase: David Stone (new COO) did 'due diligence' on Cline by going to the mine site before accepting the position. During that time (and before signing on with CMK) he decided to 'put my money where my mouth is' (to quote him from the meeting) and purchased $150,000 worth of CMK shares.
"The Board has some sharp minds": not sure what is meant by the statement but I take it as suggesting they are smart people - compared to other boards I see I'm not sure I agree. They, at the last minute (literally the afternoon before the AGM) hired Maverick Public Relations Inc representative to work with them regarding the lawsuit re: BC gov't. I read the article late last night. If I had known about the fact that many other co's have settled "for a total of $4.9 MM" - I would have followed up on the questions asked re: why sue given the cash crunch - take the $3 MM and move on. Instead they've hired a blue chip law firm (costly), hired a PR guy (also costly) and will burn through millions in litigation - and may end up with $1 MM anyway. This is not a sharp move at all by the board. Just dumb. Will look for board resignations before the next AGM unless there is sales agreement announced (within 10 days as suggested by Sean Casey). Best regards, mski
https://www.canadianbusiness.com/article/85802--cline-mining-sues-b-c-government-for-loss-caused-by-flathead-conservation-act