bluesteele wrote: St. Georges Eco Mining is a total mess!
They are all over the map, i.e this company has
NO DIRECTION!!! Are they:
- Junior exploration comapny (Julie Nickel, Iceland) Iceland needs to be dropped, it's a total waste of time.
- Lithium extraction tech comany working on new technology to unlock clay bound lithium.
- Distributed ledger blockchain network for metals and ore distribution for the mining industry.
Do you see the problem here? SX is a total clown show. Blockchain is
NOT "eco mining".... lol!!!
There is zero effeciency in the business model! It's hard to believe the exchange is letting them persue all of these vastly different business ventures. I suggest invested folks contact IRROC to make a complaint based on the development of 3 completely different business interests, some folks bought SX for the nickel play, others the lithium extraction tech and now more recently blockchain...
HELLOOOOO??? Here is the link to IRROC's complaint form:
https://www.iiroc.ca/investors/makingacomplaint/Pages/default.aspx This smells of corporate incompetence and breaks IRROC's rules. It's a clear case of too many irons in the fire and a CEO that is too stupid to recognize he's in way over his head.
It's time for the CEO and the board of directors to make some major structural changes to the corporate structure of SX to independently develop these very different initiatives in the most effective way possible.
First off it's time to spin out "Borealis Commodity Exchange", the metal/ore blockchain company into a separately traded entity on the exchange, 100% owned by the existing shareholders. Essentially this is no different than the ZeU spinout, infact it is the same except this time SX investors will recieve 100% of the shares!
In order to unlock the unrealized value in the blockchain tech SX has apparently been developing this would make the most sense as well appease IRROC who will be soon knocking on Frank's door.
All of this, of course means hiring a CEO on the caliber of Oliver Quan i.e ZeU's CEO or ideally having him take over Borrealis's blockchain development along with some key industry professionals familiar brokering international (metal / ore) commodity deals with various trading houses and major industry palyers BHP, RIO TINTO, GLENCORE... etc.