GREY:PMBJF - Post by User
Comment by
dontaskitsbiggeron Jul 25, 2012 4:38pm
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Post# 20152026
RE: RE: RE: More News Today
RE: RE: RE: More News Today @ Mandara: Great post!!
Now a little Due Dilligence of my own:
One needs to look no further than how many shares our president (and I use that term loosely) holds: 548,006 (this can be viewed in the recent ‘proxy’ for Brixton if you did not get one mailed to you it can be viewed at:https://sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00007519&fileName=/csfsprod/data132/filings/01932885/00000001/z%3A\Tiffany\SEDAR\BRX_IC.pdf on Page 5) to see how ‘on board’ he is.
At one point he did have well over 6,000,000 shares and has been unloading them like they’re going out of style….I guess when you have no revenue you gotta get paid somehow…this may explain why at the end of each month ‘Anonymous’ blows out a bunch of stock by hitting the bid!! Of course on the outward appearance it looks like he’s gifting it away….I guess he thinks it looks better ‘gifting it’ then selling it directly either way…he’s not holding onto his stock which to me shows a lack of confidence in the deal as well as a lack of commitment to the company and its shareholders.
My suggestion….RUN, keep away and stay away from this company!!!
All IMHO, DAIB
PS
Looks like another round of shares for debt is headed our way (watch for our president to issue more shares to himself again) this is how he’s issued himself large chunks of stock in the past…he gave himself a ludicrous pay raise to the tune of $150,000 (please see page 13 of the proxy mentioned above) quite a few years back and lets the amount build up on the books as debt then issues himself a pile of stock to clear the debt (that’s his M.O.) Then ahhem...’gifts’ it all away. Does this sound like a guy that is interested in building a company?!? Also, what kind of president would give himself $150,000 and $130,000 to another employee with ZERO revenue coming in!?! Hmmmm something to think about (IMHO)