Nautilus Minerals Inc NUSMF

Metals & Mining Industrial Metals & Minerals

Nautilus Minerals Inc is a Canada-based company engaged in the exploration and development of the ocean floor for copper and gold-rich seafloor massive sulfide deposits and for manganese, nickel, copper, and cobalt nodule deposits. Its primary segment is Mineral Property Exploration in Australasia. The exploration activity involves the search for deep-water copper and gold-rich seafloor massive sulfides in the western Pacific Ocean and nodule deposits in the eastern Pacific Ocean. Its principal project is the Solwara 1 Project in Papua New Guinea (PNG) in the Bismarck Sea.

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Nautilus Minerals Inc

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Post by AIGswapon Jan 09, 2013 12:30pm

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Post# 20815442

Information on Michael Bailey

According to his linkedin page (https://www.linkedin.com/in/michaelbankcorp ), he began his career in 2006 at www.yourcitydeals.com . He went to school in Manitoba. This pegs his age at around 30 years old. His picture on his twitter seems to indicate that this is a good estimate of his age (https://twitter.com/michaelbankcorp )
According to the Winnipeg Free Press, he previously pleaded to three counts of fraud for “pulling off an eBay scam that cost three American victims more than US$127,000”. Apparently he was given a two-year conditional sentence (https://www.highbeam.com/doc/1P3-1259913851.html ).
It appears that he is still employed at Your City Deals as VP, Corporate Communication (https://yourcitydeals.com/articles/management-team ). Your City Deals has an F rating by the better business bureau (https://www.bbb.org/ottawa/business-reviews/coupon-services/your-city-deals-in-ottawa-on-45135 ) and Your City Deals has had some interesting press in the past (https://www.cbc.ca/news/canada/ottawa/story/2012/12/13/ottawa-your-city-deals-lcbo-cards.html )
In August 2008 to February 2009 he was a Domestic Equities Trader at Swift Trade Securities.
In March 2009 to January 2010, he was Head of Equity Capital Markets at DCP Ltd. (Dunn Capital Partners). Dunn ran into some troubles with Emgold Mining in October 2009 (https://www.emgold.com/s/News-2009.asp?ReportID=369428 ):
- “Emgold had determined that Dunn was not able or prepared to proceed with the financing proposal initially set out in their term sheet, and it had become apparent that other arrangements satisfactory to all parties concerned in the negotiations were unlikely to be concluded. In addition, Emgold learned of legal proceedings instituted against Dunn by a third party which Dunn had allegedly failed to finance after having entered into an agreement essentially the same as that initially proposed for Emgold. The claims made in the third party lawsuit appeared to be very serious, and after investigation Emgold considered that it would be dangerously imprudent to have any further dealings with Dunn. This conclusion was reinforced by information provided by other parties who also had prior dealings with Dunn.”
In February 2010, he made a hostile takeover bid for Vaaldiam Resources (https://www.marketwire.com/press-release/michael-bailey-makes-hostile-takeover-bid-to-purchase-diamond-producer-1110171.htm ).
In March 2010, he was sued by Fountain Healthy Aging Inc for recovery of damages (https://www.prweb.com/releases/2010/03/prweb3790974.htm ).