OTCQX:BGMZF - Post by User
Comment by
halcroon Feb 06, 2015 1:03pm
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Post# 23404397
RE:RE:RE:Independant Audit of BGM tailings dam not good.
RE:RE:RE:Independant Audit of BGM tailings dam not good.IMO, going to be difficult for Sprott to cheaply unravel it all.
Of course, when there's a loan of about $17 million, with no immediate sign of any possible repayment, two or three million of shareholder money to buy out the money owed to Frank's companies; golden handshakes for Frank, Andrew and Minaz; buying out four and a half years of a lease at $10,000 per month, and pay-in-lieu-of severance packages for the IR crew, etc. isn't really all that much.
Should that be what is happening, then I will say that I like the businesslike style of what's happening. Returning some governance to what is a publicly traded company.
Czechlate wrote: I thought I included the link to the rest of the document. It is unbelievable when you start looking into BGMs business dealings how interwoven Frankie had that whole setup. Not only with him being a major contractor to BGM but also the interlinked companies and directors etc. Kind of like a big hillbilly incestuous clan.