Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Comment by goldhunter11on Feb 14, 2018 11:24am
175 Views
Post# 27557834

RE:RE:RE:RE:CEO Eric Owens fired by the Board !!

RE:RE:RE:RE:CEO Eric Owens fired by the Board !!Calgary63,
You must have been the the lucky person to be on EO's call list last night. Unlike others, including myself, simple e-mails on simple inquiries, to either EO and Vorvis went unanswered, not even an acknowledgement.

Two fatal flaws:
- IR is a mess, nobody at IR is taking care of the website.
- The last RE was in 2009, now it's 2018. No other company that I have invested in would take 9 years to try to get an update for the RE. Now he wanted another 9 years (that would be good for him, but not good for shareholders) to do some more drilling with  ~$20M which he said he has lined up, and the money is sitting in escrow somewhere (he did not say that this equity financing is at the expense of 1/3 dilution of the company).

Personally I would doubt ver much that he has ~$20M in escrow, unless EO provided  the name of the lead  financial firms (presumably, not Sprott-related companies, lol) that have been arranging all this PP including the FT which would have to meet the Quebec provincial government requirements. Also, shareholders would have to be informed about the intention (and BoD approval has to be secured), prior to the actual arrangement. His open letter to shareholders made this appear too simple.

Next time you have a chance to talk to him, could you ask  for the above financial details?
Also, does EO still wants to cling on to the seat on AZX BoD? Can the BoD just "un-nominate" him, and nominate ES as a new board member (ES just exercise enough wts, or just buy additional shares, to go over 10% to become an insider and ask for a seat on the board)?
GH
----------------

Calgary63 wrote: P.S. Eric did call me last night even after all this went down. He was very polite and still remains on the BOD. Eric has good visions of where AZX should be without a quick take over or buy out or even a JV.. Eric knows the value of AZX.

Thanks.


C63


<< Previous
Bullboard Posts
Next >>