RE:CREST I REALLY BELIEVE THIS IS NOT GOING TO PASS!Eric Sprott is invested in Exploits Discovery - i do not believe he has an interest in Crest Resources and therefore is unlikely to take a position on this announcement.
The announcement was presented as a "fait accompli" as a deal that is already signed, sealed and delivered. It was not presented as a proposal that will be brought to shareholders for evaluation and decision. Nevertheless, the mgmt team hold a significant % of outstanding shares and the announcement seems to be interpreted by the marketplace (share price decline) as basically saying F U to anyone not in their inner circle.
An analogy might be "we will let you take the risk of funding our exploration but if we happen to find anything than we will transfer it to the inner circle and the rest of you can eat dirt."
It seems a violation of basic morals and ethics and it should be rescinded immediately and the approved RSU plan activated before our entire company value has been wiped out and share price reduced to $0,
The implications may also prove to be a stain on the reputations of the Newfoundland junior mining companies industry that is finally receiving worldwide recognition.
Shame shame shame!!!