Good Points1.Hidden Agency costs are way too high. Weeson/Board acquiring 10%+ for nothing diluting exisiting shareholders over and above mgmt fees is seen through.
2. 60% Acquisition of Mining Assets for 17M USD from Nordic Mines AB is Fuzzy. Thus transparency of Pandion Debts which financed 17M came in as debt into OTSO and channelled into Swedish Subsidiary holding the mining assets as equity. 17M deployment produced negative shareholder value. Equity burnt in the subsidiary . Debt remained in OTSO. Read between the lines.
3. Governance Gaps (18-20)
Market wisdom even though operating at half the efficiency knows 1, 2 & 3. Serious Financiers would easily see through 1, 2 & 3 as well . Weeson's will not be able to finance the mine considering 1, 2 & 3