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JIMINEX INC V.JIM

"Jiminex Inc is engaged in the business of locating and exploring mineral properties."


TSXV:JIM - Post by User

Comment by Jiminex2014on May 09, 2015 12:13pm
109 Views
Post# 23711451

RE:RE:Hazwaste, Jiminex Inc. currently is cease-traded and we are

RE:RE:Hazwaste, Jiminex Inc. currently is cease-traded and we are After over two years with no wages as a CPC, very frugal wages paid from September 2010 to December 31, 2012 and no wages paid since, no office rents being paid for 5 years and paying cash for management's shares, it is comforting to know that it was all "just a drop in the bucket compared to everyone else who invested in Jiminex." Also, listing on the CSE has been investigated and we have spoken with them several times. It may surprise you to learn that initial and basic listing fees are the same for the TSXV and CSE. Where the savings occur is when any document is filed on SEDAR is not reviewed by the CSE unlike that of the TSXV which reviews and charges a hefty fee for that service. CSE reasons that SEDAR filed documents are legal documents subjected to existing laws on fraud etc. and to review them time and time again is costly for junior venture companies. It's like having to get tested on your driving skills every time you venture out on a long trip. In addition, you must have cash working capital of at least $100,000 to be listed and lifting the cease trading order will require getting all the financials since October 31, 2012 done, which is not cheap. Also, several shareholders we have spoken to have not wanted a rollback on the shares as it is just another form of share dilution. With an improvement in the markets we can get a financing on more favorable terms without this dilution. When? Nobody in the industry seems to know when we can expect a turnaround. If you would like to become a Director of Jiminex Inc. and loan about $200,000 to the company to get us trading again on the CSE let us know. The company can pay you back after it begins trading and after a financing is done. If you are not able to financially assist Jiminex Inc., please have patience like most shareholders in our company, and many other junior companies. We haven't abandoned ship.
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