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goodstoryon Jul 12, 2013 10:23am
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Post# 21604067
MESSAGE TO ZARA & CO. VULTURES
MESSAGE TO ZARA & CO. VULTURES July 12, 2013 01:14 am
Translated with Bing..not the best translation but good enough ... https://www.lafrontiere.ca/2013/07/09/visible-gold-mines--ne-pas-plier-les-genoux
One of the shareholders of the company rouynorandienne Visible Gold Mines, Zara resources, is not happy with the dizzying decline of the title of the action. Zara wants to overthrow the directors of the company and take control.
"These are the finance sharks. They are opportunistic. All that interests, is to take possession of the company for a pittance and fleeing with the money that is in our bank accounts. They are not interested in developing our mining titles. Their business model, is to collect the money in companies that are hyper deprecated bank accounts. It doesn't know even where is Rouyn-Noranda, said the president and founder of Visible gold Mines, Martin Dallaire. Especially Zara resources is in financial difficulty, and practically no money.
A sick industry
What happens to Visible gold Mines is in the image of what is happening in the mining industry. The stock market rise that major financiers are more interested in risking their money in small companies at risk. The actions are therefore at their bottom. The Visible action worth more than 2 under so that it was worth 20 times more in 2011. It's discontent among shareholders.
Zara resources, one of the shareholders of Visible therefore requested a meeting of shareholders in order to change administrators.
"The company is more worthless, but still us have a 1.8 M $ in our bank account. '' They want take control of the company at a discount and save with our cash position,"said Mr. Dallaire.
Zara wanted to force the directors of Fieldex at a meeting of shareholders in July. "It would have cost us far too expensive. Then, it was suggested a meeting at the end of November, the time to produce our financial statements. We'll see. We think of all the shareholders of the company. Not only in Zara,"said Mr. Dallaire.
Escape
One of the plans of Martin Dallaire to save his company is to buy millions of shares of his own company. In this way, the action of Visible gold Mines will take a little of value. "Zara offers 3.5 cents per share to our shareholders. '' Not in money, but in action of Zara. However, Zara is worthless. Nevertheless, if I manage to raise the action-4 slot, will be its offer is worth nothing. This is my company and I believe,"said Mr. Dallaire