OTCPK:MEAOD - Post by User
Comment by
JRaffleson Jun 21, 2016 4:33pm
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Post# 24984962
RE:RE:RE:RE:Nice...Halt...Good News?
RE:RE:RE:RE:Nice...Halt...Good News?When MTO initially raised capital, it was purported by direcvtors to produce gold at Dubisson.
- then they flipped to rehabilitate Bachelor Lake and sidelined Dubisson.
- then they flipped to Barry by directing millions of $ of shareholder resources to obtain a NI-43-101 at Barry.
- then they flipped back to Bachelor, because Barry ore was uneconomic to truck to BL.
all these about turns churned up miillions of shareholder resources, which could have been directed to one project, without shareholder dilution.
if MTO were to be taken over, albeit at a relatively low price by a fully funded buyer, MTO shareholders may avoid further debilitating dilution from director who seem to be unable to focus on completing one project, before moving on to another, leaving a trail of costly unfinished plans.