just saw this on hachoo financh PVG - thank you Gwyn
' This rediculously underpriced offer to purchase PvG stock has been in the works since before the former CEO and former Chairman got great sweetheart deals to leave PVG. The history of the current CEO at the time of his hiring was pointed out as a person who tended to get rid of companies by merging or selling them out. I complained on this site at the time. I talked to IR about the failure of the BOD to consider the possibility that the reason given for hiring the current CEO was to maximize the production and reduce the As mined cost of peoduction. Instead the CEO started spending "development and resource expansion funds" to modify the estimated reserves and to help locate the most valuable ore bodies in the claim. Then he adds more costs by installing a testing lab, building new quarters buildings, investing in new electrical powered delivery trucks for the mine and in general depressing the profits generated picture. This plus the stated reason for not doing more publicity was that the big stockholders did not want to see an inflated stock price for their own reasons. It appears that these reasons were to cheat the small stockholders our of their stock true value. I vote NO for taking this scammed low stock price offer from the management's friendly fellow 5 % stockholder. Remember that each of these managers have a protective golden parachute contract. All of us regular stockholders must ask their stock management firms to start removal action against the PvG management and the Board of Directors. You have engaged in a conspiracy to defraud the regular stockholders and the management firms actively trading PVG stock. This is not just a scam; it is a crime being committed which the Canadian Government should be actively involved in correcting. This same type of scam was in place in the Gold Fields disposal that resulted in a net loss for PVG of over 100 million dollars in the next annual profit statement. l how do the stockholders receive the so called royalty benefits and additional payments from the buyers of GodlFields? Every non BOD and non Management stockholder of PVG should be mad as hell about this crime> The number of ounces of gold and silver in the proven reserves alone times the profit generated by their being mined divided by the number of shares outstanding determines the minimum stock price determination. It is far greater than 18.50 Canadian which is about 14 dollars USA money. Actually the estimated reserves are far grater than that figure, but as I stated the minimum fair price for this stock must exceed the calculated value as stated. This is not the time to be speaking nicely and supportively to the BOD and the hopefully fired CEO and his henchmen. Criminals do not deserve or should receive kind words of support and forgiveness. They must be fired for cause and given the door without any severance or performance awards. I most certainly do not want to own stock in a corporate raider criminal acting company. I wonder how many class action law suits this fiasco will generate!
i don't know what has me so rilled up today...