OTCQX:DMMIF - Post by User
Post by
merlin991on Jul 12, 2019 2:21pm
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Post# 29914488
Keeping you upto date...
Keeping you upto date...Over from the siliconinvestor forum a message from our championTad:
https://www.siliconinvestor.com/readmsg.aspx?msgid=32236647 | To: DaveAu who wrote (2039) | 7/12/2019 2:10:18 PM |
| From: pstad60 | of 2040 |
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DaveAU,
If I recall , there is a absolute drop dead date of July 31, 2019, for completion of this ill conceived
plan of arrangement.
Apparently there is still some consideration by certain elements of the board of directors that
believe this Titan deal should be completed and that an appeal of the judge's decision should be
pursued .
This is just another example of the level of incompetence being dsiplayed by certain members of
the Core Gold board of directors. They are not perfoemring their fiduciary duties in the best interests
of the company or its shareholders.
Exactly how much money have they wasted on legal costs pursuing this highly dilutive travesty of
a merger ?
How much do they still owe their corpoarate lawyer Stikeman Elliott ?
How much more money would they waste pursuing an appeal ?
I trust that the director's insurance does not cover their improper act of dismissing Keith Piggott
as president and CEO. I truly hope they will be personally held legally liable for all damages and
legal costs that Keith Piggott incurred fighting the Titan / Core plan of arrangement on behalf of
all his shareholders.
Having spoken with numerous shareholders over the past week, there is an overwhelming desire
by a large number of shareholders, some VERY significant shareholders, that the board of directors
re-instate Keith PIggott to CEO and President, and for Gregg Sedun, Mark Bailey and Leonard Clough
and then immediately hand in their resignations as directors .
CFO Sam Wong has also lost the confidence of many shareholders in his abilities to continue in
his position, as shareholders have many emails from him in which false and misleading statements
were provided by him in response to numerous inquiries by shareholders.regarding the Titan / Core
plan of arrangement
These four above named individuals need to leave voluntarily for the betterment of our company.
Based on some of the information in the affidavits submitted to the B.C. Supreme Court, there is
a good possibility that Zhaojin MIning could return to the table with an offer of partnership if these
four individuals step down.
Just relaying now publicly submitted information.
There are a number of shareholders who have incurred actual losses, including myself, directly as a
result of the actions of Gregg Sedun, Mark Bailey, Leonard Clough, and Sam Wong in their blind support
of this atrocity of a deal. It would be preferable that they step aside voluntarily, and immediately, so
this company can realize its potential with a significant partner like Zhaojin MIning.
Enough for now.
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