Update This is too funny....have a read.
Tarnished Crow announced today the creation of an Interim Governing Board ("IGB") to maximize the Company's efforts as it advances a multi-pronged legal strategy and to simultaneously establish the next steps for developing its portfolio of mining projects.
The IGB will utilize the collective strengths of the Golden Phoenix Board of Directors and Management Team to focus its immediate efforts on:
1) Accelerating the Company's pursuit of its rights and remedies in the lawsuit filed against Waterton Global Value, L.P., a Canadian limited partnership, and Scorpio Gold Corp., a British Columbia corporation, and parent company of Scorpio Gold (US) Corporation, a Nevada corporation,
2) Accelerating the Company's pursuit of the arbitration request filed with the International Chamber of Commerce against Silver Global, S.A., a Panamanian Corporation, and
3) Identifying and advancing the next steps for the development of Golden Phoenix's diverse portfolio of mining projects.
The IGB is comprised of four members from the Golden Phoenix Board of Directors including: Donald Gunn, John Di Girolamo, Jeffrey Dahl and Thomas Klein. Donald Gunn serves as Chair of the IGB. The IGB will temporarily absorb the position of Chief Executive Officer and allow its members to divide responsibilities and focus their efforts to pursue an aggressive, multi-pronged approach to the resolution of pending matters.
Donald Gunn, Chair of the IGB, comments: "In the near term, Golden Phoenix looks forward to identifying and advancing the next steps for the development of our diverse portfolio of mining projects."
They should have set up a committee to review the poor judgemnt of their CEO who led them down the path of destruction. No he is part of the review committee. Another blowup in the works....just a matter of days before this company is officially put out of its misery.