goldn1 wrote:
From: Bob
Sent: Monday, July 21, 2014 10:51 AM
To: 'Simon Britt'
Subject: GMA - Material Information being withheld
Importance: High
Simon:
I am beyond frustrated with the way you have been managing the company over the past few months. On June 19
th, you advised me that the 43-101 would be out other than the QP being on vacation, which should have been the end of June, it is now July 21
st and there have been no NR regarding the Resource Update. The fact that two companies couldn’t communicate well enough to know someone’s vacation schedule is bad enough, The QP should have been back for 3-4 weeks by now and nothing has been released.
Also, the fact that you received 3
rd Party verification regarding the separation of a recycling feed is ground breaking, revolutionary news. That also was over three weeks ago, yet the company has not disclosed anything. This is hard to understand…
You asked me for Phosphor Powder, I brought you Graham. I have tried to stay patient, but real people are not only losing money on paper, but also have taken losses as they have lost faith in management. Us shareholders who actually buy the stock on the open market with our own money our owners of the company and are owed certain Fiduciary Duties from the CEO and Directors. In my opinion, you are withholding material information for your personal interest rather than the best interest of ALL shareholders. I also believe that you are withholding material information to tie in with upcoming events rather than release them as the material information becomes available.
I have tried to be as patient as possible. You have the advantage of a nice salary and cheap or free warrants. Investors use their hard earned money and put faith in you and the BOD to adhere to your fiduciary Duties. I have called, emailed and texted you several times for an explanation, but get no response. Unless I hear back from you today with a logical explanation for withholding what I feel is material information, I am going to retain my Attorney to contact the Venture Exchange and any other regulating authorities with my concerns.
Just because you’re are the CEO of the company does not allow you to play GOD with other shareholder(owners) money.
You have my number and email if you choose to respond, if not, this will be my last direct communication and everything else will go through the proper regulators.
Bob
“Duties of Care, Loyalty and Disclosure
A CEO's legal responsibilities to his company's shareholders are broken down into three distinct fiduciary duties: the duty of care, the duty of loyalty and the duty of disclosure. The duty of care refers to the CEO's responsibility to consider all of the available information relevant to business decisions, including the advice of experts and employees. The duty of care also includes the responsibility to understand and evaluate the company's day to day operations and the terms of agreements.
The duty of loyalty requires that a CEO always acts in the best interest of a business's shareholders, and that he places that interest above his own in business decisions. This includes the responsibility to avoid conflicts of interest. Finally, the fiduciary duty of disclosure mandates that a CEO fully inform both the board of directors and the shareholders about the major issues facing the business.”
From: Simon Britt
Sent: Wednesday, June 25, 2014 2:54 PM
To: 'Bob
Subject: RE: Nobium |
It should. No rush about the other concentrate on our side. We received the external validation yesterday, not as good as advertised but still a ridiculous $15K per ton of material (in-situ value).
We will figure it out.
Regards,
Simon
From: Simon Britt [
mailto:sbritt@ressourcesgeomega.ca]
Sent: Thursday, June 19, 2014 2:32 AM
To: 'Bob
Subject: RE: Article
43-101 would be out by now, did not expect the QP to take June on vacation. He is back late next week.
We’ve disclosed enough over the last months to have productive meetings. Nobody happy with share price but all the fundamentals are there, same fundamentals that they invested in.
Time difference is not an issue.
Regards,
Simon
Well worded email. You should write up their press releases.Looking forward to Simons reply on some key issues you have brought up. I beleive there are some big things on the horizon, hense the "shareholders rights plan". But waiting for the resource update release is starting to get lumbering.