RE:RE:Its a Moron MorningAre you brain damaged?? This POS was at 70c with a huge PP raised in that price for 20M$
Then another PP at a share price of 24c for 5.5M$.
What debts are you even talking about?
Obviously, these rtards didn't know how the control the outflow of cash properly. They've been wanting to exploit the open pit fast, but wasted everything on more drilling and now they have nothing more to show for, are out of funds and have a shareprice of 2 cents with twice the shares outstanding.
But hey! I'm sure at least Jim Walchuck and his pals had a great couple of years wasting all the capital there on a grandiose lifestyle of 300$ bottles of wine and fancy South American restaurants.
Please tell me how long Gunther Roehlig was a Director of the company before becoming interim CEO? Oh wait, he's been there all along, just part of the same sheiiit show.
Thanks Gunther for saving my 98% loss from becoming 100%... Thanks Gunther for making the decision that my Rights weren't tradable on the venture so I could I couldn't, at least, get some money back there. Thanks Gunther for letting Jim waste all the cash there for so long. Thanks Gunther for deciding to put a fortune into paid articles to pump your stock to gulable investors rather than doing the right thing of managing the company properly and having the investors naturally come to it.
Thanks Gunther for waiting so long for the rights offering. Real clever to do it at 2 cents rather than proactively at 24c when the board decided to persue a PP and not change anything from ongoing cash burn. Thanks Gunther for entering a deal with InCoR (the most minority shareholder unfriendly partner imaginable, that should have been nailed by the OSC on the LFX situation, but no, they just wouldn't dare show some teeth) and giving them 80% of our property for 3.75M US$ while soliciting an extra 2M$ from your shareholders to still hold their 10% stake after the dilution in the project. I'm glad that you're such a smart mathematician... 10% at 2M$ CAD = 80% at 3.75M US$ right?? I guess it would make all the sense in the world to pay up to keep that 10% stake at a much higher price than what you're willing to sell it to a partner.
I guess I owe you Gunther uh? Please let me know the ticker for your next endeavor (or fraud), so I can invest with you again, I guess I owe you that. You clever director and interim CEO.
fitzalan28 wrote: I beg to differ. If not for the very hard work of the interim Ceo and one of the major shareholders, this company would very likely have gone bankrupt. The very fact that they did not come to a definitive agreement with InCor is actually good news. The company completed the rights offering, raised some much needed capital, paid off some essential debts and has some cash, not a huge amount , in the bank. They now have 100 percent of the project, not 20 percent that they would have had if the deal had gone through.
The project itself has huge potential and there is a huge area in between the 2 ends of the property that have not been drilled. If this area is as rich as the areas already tested, this project will be absolutely mammoth.
This will likely be an amazing turnaround story!!
Are you still holding your stock, or do you not own any?
Cheers