RE: Is This Good or Bad...........????? Drill results were reported because it was a material event. GSR released drill results via a press release. I know of many companies who have announced drilling and then reported results via SEC documents like Q reports (ie: still public disclosure). End of story.
All officers and directors of a Company can be sued. Whereas their personal assets are off limits like your personal assets would be as well if incorporated, there is a loop hole via civil suits where one can pursue all monies earned via that corporation (ie: just look at high profile cases that involve fraud). It should also be noted that most all companies carry insurance and most all directors insist upon insurance like E&O (errors and omissions) and vaious other policies so as to have some protection. If not, who in their right mind would want to serve as a director on the board?
Make no mistake. Management and Directors of GSR are alligned with the Shareholder in that the ONLY WAY GSR will make someone rich is by discovering gold and enough of a deposit to be economic. Whereas some will cash in options from time to time, those meager proceeds are nothing compared to what a multi million ounce discovery might entail. Besides, I know of many during the internet hey day who worked for nothing but options and were too afraid to cash in per market perception where today, those companies no longer exist and those options once valued at millions became worthless. If management does their job and do their job well, they should get compensated "no matter" any drill and or exploration results. They are the ones who did all the leg work to make it happen where us posters and shareholders simply sat on our duffs at some computer screen.
Something like that.....