Doomed
Sadly, there is no doubt this company is doomed to fail. Can Battley and Terry Booth sat up front at the AGM and lied their faces off to people...said nothing about closure of various projects, hot air hot air hot air. This company has NEVER kept Investors investors properly informed on all of its activities, never been transparent according to securities law. It's onky a matter of WHEN the Jenga game tumbles...not IF. The question is will it continue to operate as a small operation as ACB, or be taken over after divesting of any possible assets in order to scrounge up cash to make debt payments. Doomed. Simple fact. Onky hope is an equity partner but no one wanted to date ACB because he has a very bad reputation as an arrogant bad drunk...a lose cannon. So time will tell. The Mgmt and Board of this co don't have the skills to save it. It will be interesting, and a very very hard lesson in "investing" for many people esp. in Alberta who TRUSTED THESE PHONEY BOZOS. IT is Criminal what how the Principles of this Co. outright lied and misled Investors. I really hope they all go to court. Being in Australia won't help Cam Battley if he gets Supoena'd.