RE:RE:BlackmailGood point Golden regarding an injunction, it may very well come to that if the board does not relent. What a last ditch effort coming up with some obscure lobby firm to support this nonsense. The massive dilution by over 100 million shares for a paltry $1.6 million is so transparent.
Everyone must realize that the 54.5 million share bonanza to the "participants" is about equal to their current equity share. It lowers there cost base per share by half. Make no mistake, we are fully funding that move out of any return we may get. All shares are supposed to be equal, however, in the eyes of this board some are more equal than others. Our equity position will be cut in about half with this idiotic dilution to fund the paricipant gain.
They probably could have salvaged a yes vote by opening up the >3 cent opportunity to all shareholders based on our holdings, but greed knows no boundaries. At least everyone would have maintained their position. It is telling that we wre never allowed to participate in the last several PP.
A simple PP could have accomplished the $1.6 million target without all this drama. Tenor must be shaking their heads, they get half of any return no matter and just want to get on with it. We are stalled while the "participants" work to embelish their position at our expense.
The Colombians and Minesa must be rolling in the aisles laughing at the ineptitude of this board.