Energizer Resources Raises Capital for Value Engineeringhttps://www.marketwired.com/press-release/energizer-resources-raises-capital-for-value-engineering-otcqb-enzr-2126150.htm
Why is management unable to provide a completion date for the preliminary value engineering work being done?
No schedule, no accountability. I requested a timeline; I got useless tripe for answers. Mor of management beating around the bush. Misdirecting the direct question with 'we don't know the exact scope right now because it depends upon the needs of the strategic partner.' As such, they cannot provide a definitive schedule. Well, that's fine. But if they've had somebody initiate work, then we should know what work was initiated and there should be a schedule of completion dictated by management on behalf of the shareholders. I don't care how preliminary or small a scope the inital the work is. You NEVER instruct somebody to work on something, no matter how small, without a schedule of completion. With out a set timeline, the hours and costs expand indefinitely. How is this good for the company and investors?
This seems to be the norm with Energizer Resources. Whether it's being spineless with a bank, broker, or EPCM, or looking to continue drawing out the time for which they can take a paycheck, it doesn't matter anymore after 7 years of this. I thought we were getting somewhere. Managment has shifted around, and a couple of REALLY bad apples are gone, but the corporate conduct is unchanged.
Time to sell.