No Longer OutnumberedThe list of individuals who are finding the document that I have posted about is growing. Now they're asking questions. Management used to call us "wood ducks." They can no longer afford to do so.
Energizer and now Nextsource is legally encumbered in Madagascar. That is why they have been unable to get a full complete mining permit. That is why we shareholders have been diluted mercilessly for nearing 6 years. Management was fully aware of this and did not disclose it to the shareholders.
For those who haven't yet found the initial "letter," the ASX won't take it down. Encumbrances have not been lifted, or we would have our mining permit and likely strategic partners.
I have to think that all of those potential off take partners that managment boasted about walked away because of this encumbrance (probably found by their own due diligence) and were unable to speak of it due to non-disclosure agreements.
I don't think it will take too much longer for the authorities to complete their information gathering. Seeing as how current managment can't fix this problem without implicating themselves, new management must be installed to do so.
I highly recommend that the major investors effect the change in short order. Without a managerial change, your money is lost; and us retails as well. If the authorities halt this company before new managment addresses the problems in Madagascar, who knows how long we'll be in limbo.
I want my money back as much as everyone else. But seeing as how I took a massive loss selling half of my shares after they announced their ability to reverse split, now I need the share price to skyrocket. It's not happening and won't until management is replaced and we shareholders once again pay our dues for their errors. I firmly believe that after this is sorted out, this company will be unencumbered to perform.