RE:RE:Euro Sun Mining annual meeting - July 31, 2020Great letter is an understatement!!!
I had a few conversations with the IR dept after they left and i was warned. Sometimes you just think you are right because of the size of the deposite and it will all end well. 10 million gold in the ground etc.
I was warned and this was exactly what she was referring too. If our board have social media footprints this is what you send. It speaks volumes.
"It is evident from the information given in the ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2019, that in 2018 and 2019, extravagant spending of $4,544,687 in consulting and management fees, $2,164,338 in share-based compensation, and $3,104,552 in losses from the discontinued operations of Vilhelmina Mineral AB, etc., was spent. Scott Moore was rewarded by receiving $2,009,176 in total compensation, getting a 97% increase in 2019 while all long time shareholders were down over 80% in the share price of this now penny stock. It is reported that Scott Moore held a scanty 102,650 shares as of Dec 31, 2019 and that all directors and officers of the Corporation only own or control a total of 220,085 common shares being 0.13% of the current issued and outstanding shares. This is an ominous indication of a lack of management confidence that the value of ESM shares will increase."