attempts to talk the stock down will be futile
But I want to thank you for selling your shares to me at 48 cents last week. The stock is worth at least a $1.50 a share (fully diluted) right now based on the $20 million plus in cash and marketable securities and a conservative price/cash flow (earnings) multiple of 10. Royalty companies like FRU trade at 25 times earnings. As production at least doubles over the next 1-2 years, the royalty and of course, the earnings and value of the company will double to at least $3.00 a share. What the company trades at in the market is a different issue. I'm not including the value of the copper mining project even though it is substantial. Heck I will be happy as can be if the private placement is cancelled but don't count on it. The management and insiders have friends in high places. (i.e. Doug Hyndman - look that name up). Let's focus on the company as it is now. By all means complain all you want to the various authorities but you're wasting your time. Nothing will happen. It never does. BCSC and TSX Venture Exchange are full of incompetent losers. The fact is that the stock only went up 5 cents on average to 20 cents for a month after the private placement. Investors didn't care about the royalty then and still don't today. That's why the company trades at a ridiculous level. 3 times earnings ????!!!! debt free !!!! are you fukking kidding me ???!!!