TSXV:FCO.H - Post by User
Post by
magic_gerbilon Feb 07, 2013 1:02am
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Post# 20950320
Liquidation
Liquidation Why do equity holders continue to discuss the idea of FCO going belly up? I could be wrong but much of the private placements, and additional financing which occurred after the massive share dilution has been secured via assets. You better believe FCO management has continued to go behind shareholders backs to do anything in their power to get a few more dollars.
From what I can tell equity holders will get bent over much worse upon an asset liquidation as we will be the ones paid LAST.
With the mistakes made to date and the mine soon to sit in a dormant state why should shareholders continue to pay the salary of useless management such as M A Green?
I hate that I was right after questioning why a lady of her background was in charge of sourcing financing, she knows rocks - that's it! If I was here I would be embarrassed to where I have taken this project, and forfeit my salary to hire a few investment bankers that know how to source capital.