RE:LETS GO TO OSCThis is very enlightending. Make sure to read toward the bottom where the relationship between F&M/ESM/Black Iron and offshore incorporation is discussed. This shows (in my opinion) some serious potential for conflicts with Romania if ever the Rovina project reached production and taxable status. But read it yourself and draw your own conclusion(s).
But as most here already feel, ESM does not 'seem' to be progressing the Rovina project in a manner beneficial to all shareholders. It is apparent (to me) that new investors, 'investors' with ties to F&M and its' subsidiary companies, are accumulating an ever larger percentage of ESM at extremely low prices. The effect being to dillute to oblivian existing shareholders and effectively transfer control, ownership and eventually, any profits to the new 'institutional' shareholders who for the most part remain hidden/unnamed but include Black Iron, Sulliden and others closely related to F&M.
This may be too strong a word, but it smacks of borderline fraud to me. Others may view it as 'strategic investment' by F&M.
It will be interesting to see if our compaints are heard and generate any response from the securities authorities, but this behavior by F&M has been reported/documented for years to no effect. Hoping this time will be different.