Daryl Hodges’ (aka Mr. Crook) financial arrangementsMINERA IRL^ (MIRL, NR, CNP) – Minera soap opera: we call on the board to detail ex-Executive Chairman Daryl Hodges’ financial arrangements.The Ontario Securities Commission has handed down a ‘cease trade order’ due to Minera’s having failed to file its interim financials.
Putting aside our Dallas analogy for a moment, we note certain allegations about controversial financial arrangements regarding former Executive Chairman and now purportedly consultant and puppet master Daryl Hodges at a certain blog (https://incakolanews.blogspot.co.uk; we are aware of the blogger’s identity, and believe him to be credible). The gist of the allegations are that Mr Hodges amended his already generous financial arrangements with the company to effectively award himself a very lucrative ‘get rich quick come what may’ scheme, and that this scheme was rubberstamped by Minera’s board - all at the expense of Minera’s long-suffering shareholders.
If untrue, we urge the board to fully disclose the full details of Mr Hodges’ financial arrangements (what they were originally, what they were changed to when, who approved the changes, and what the current board are doing about the matter) to debunk these allegations. Silence on the matter would represent a deafening self-indictment, in our view.