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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on Jul 12, 2013 4:22pm
143 Views
Post# 21605197

RE:RE:RE:just for fun

RE:RE:RE:just for funThese designations, CFO,CEO etc., are requirements of TSX when the stock is listed; they want to know who is who and what is what for legal purposes and accountability. But if the stock is delisted, the Chairman can exercise most of these powers and don't need a CEO. The stock will re-list on the TSX if and when the company goes into production and wants to expand thus needs to issue stock for securing capital. This is in fact the reasons that all public companies list on the exchange: secure financing. But since Cline is in the dumps and has no chance of capitalizing by issuing stock, it serves no purpose of being listed in the TSX; it just costs money with no benefits.So Mark Haywood's move was right and his strategy should be to hunker down till the market turns and I think that is what they are doing. A lot will come out at the AGM. There we expect to tell us what sort of plan they have in place and how they hope to implement it. I think better days are ahead despite the doom and gloom of things today. The stock will not move unless there are developments on the ground. So hold your horsed all you guys out there and don't get excited; we are not out of the woods yet.
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