RE:RE:RE:RE:RE:RE:sprottReflect wrote: In business dealings; one cannot be “fed” up & simply want out. The CEO & BoD have fiduciary obligations & will follow through or resign if they believe they can be of no more use. Their prestige, honor & competency are on trial here and investors all over Canada are watching. Bankruptcy is no simple matter or is decided quickly.
The 7.5 mil (a very significant event) that happened on Nov. 30, 2015 had to be initiated & thus, whoever these people, organizations, companies etc.:
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would have to know that the MIE deal was being reneged as suggested by some on the board & was (were) absolutely unaware that a new deal was in the making or;
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decided to take a substantial loss & sell even though a deal was in the making with MIE or;
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they relied on their physic powers & the herd mentality took over & sold. They would not sell when LRE was higher but now all chaos breaks loose & these people etc. sell at far lower prices because they have no brains. Give me a break.
There isn’t even a deal, but BlueCollar51 has summoned up all his physic powers & says it’s a done deal. The little man in his brain cell tells him this & everyone should listen. I think LRE’s share price speaks for itself & what the market thinks of the little man in BlueCollar51 brain cell. If there is a deal & we are just waiting (no circular, no vote etc.) please post.
When exactly did I say that this “Proposal” is a done deal?
In Fact, on Jan 06 I posted this opinion;
“I previously posted that the day an Official Notice to the Share and Debenture holders c/w an Information Circular is the day I will believe that we have an offer to consider.
Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.lre/long-run-exploration-ltd#E2fhoMGe2OG0mtR2.99” You may also be disappointed to know that the BOD’s Fiduciary Duty is not to the Shareholders it is to the Company.
https://en.wikipedia.org/wiki/Directors'_duties In “BlueCollar51” terms that translates to “If they have to Kill the Shareholders so that the Company Can Survive” that is exactly what they are required to do!
**Admittedly they seem to do a darn good job taking care of themselves in the process. That is an entirely different topic and NOT exclusive to Long Run!
Unfortunately, not all of the StockHouse community is blessed with your level of Financial/Investing expertise.
Personally I don’t take anything posted on SH (and anywhere else for that matter) at Face Value.
I don’t expect anybody to take anything that I post at Face Value which is why whenever possible I refer to verifiable sources c/w links when possible.
I always encourage the people that read my posts to;
Do Your Own Due Diligence; It’s Your Money !! PS: In Reflect’s “Small World” there seems to be two (2) kinds of people;
Those that agree with him/her and EVERYBODY ELSE (the Bozo’s)