last word STOCKANALYTICAL.COM LAST WORD
Mosquito Management makes a last attempt to retain control through their GROSSLY false and misleading release of 9 October 2012 “Mosquito Reminds Shareholders Of Deadline To Vote Gold Proxy To Protect Their Investment”
StockAnalytical.com advises that in its independent opinion:
This release is arguably the final straw of Management’s desperation.
There IS NO PLANNED Scheme to take control of Mosquito by Mr. HongxueFu. He is merely taking on a responsible action to protect his investment as well as that of ALL other shareholders that are today financially suffering due to manner in which this Company and its significant cash (including that subscribed by MrFu) have been managed.
Mr. Hongxue Fu has invested significantly in Mosquito – the McClay interests have been constant SELLERS of stock.
Mr. Hongxue Fu has a significant shareholding interest (skin in the game) in Mosquito – the McClay interests and the management slate of directors DO NOT.
Any move by MrFu’s interests to in fact move to a control position, as is being alleged, would be subject to shareholder approval as well as to regulatory compliance.
Voting BLUE for a new Board WILL NOT result in Mr. Hongxue controlling either the Board or the Shareholding of Mosquito – it is a VOTE for CHANGE, ACCOUNTABILITY, PROJECT FOCUS and a real chance at success.
The proposed new Board of six includes three independent and successful parties with solid track records that are positioned to contribute to the Company’s future. We have not included Mr. Shaun Dykes as independent due to his past and current relationship with MrFu, as former directors of Mosquito and as the joint driving force for change. We do however believe that Mr. Dykes will at all times support the interests of the Company and its Shareholders rather than a personality, as has been evidenced through the current proceedings following many years at Mosquito.
The proposed new Board WILL NOT represent a disproportionate control of the Company – the opposite is in fact more the case.
The cited support of the claimed independent ISS and Glass, Lewis is regarded as seriously under researched and flawed, both in the assessment of the experience and suitability of the proposed new Board as well as their assessment of the level of control.
The dissidents’ allegations ARE NOT unsubstantiated at all – their serious allegations and questions HAVE NOT BEEN ANSWERED – they have been AVOIDED.
In summary with a new Board and management in place, we see a major opportunity of Mosquito being able to rapidly turn around and firstly rebuild Shareholder and market confidence while at the same time getting the flagship CuMo project back on track.
We believe that the vast majority of Mosquito Shareholders can see through the ranting and rambling ‘rhetoric and red herrings’ that current Mosquito management has been throwing out. A major flashing red warning light should be evident to all Shareholders through the en masse resignation of the former independent Company Chairman and two independent directors. WHY DID THEY RESIGN? Mosquito management again AVOIDS this major material matter and WILL NOT address the obvious question.
Current Mosquito management should heed its own advice and ‘separate FACT from FICTION’ rather than to continue to treat its shareholders as a mushrooms, keeping them in the dark and feeding them BS.