TSXV:FCO.H - Post by User
Post by
farml1234on Jul 15, 2019 12:20pm
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Post# 29920962
Where did the money go
Where did the money go Re:::We observe that Mr. Callahan joined eCobalt on October 1, 2018 when there was more than C$18.3 million in cash in eCobalt's treasury. As of March 31, 2019, eCobalt's cash position was C$3.1 million, which is barely enough to pay the break fee on the proposed merger. Certainly, just enough to pay severance packages on existing and gratuitously "modified" employment contracts. Even given pre-existing work commitments, a C$15.2 million reduction in cash over 6 months in a depressed metals market is a questionable burn rate.
Me think we have a skunk in the wood pile !!!
Mr. Callahan i think you have some explaning to do to the LAW !!!!!!!!!!!!!!!!!!!!