RE:AMG Notes I was hoping perhaps someone would have had a few things to say about Board Vote.
As mentioned a few Concerns are MAX allowable shares currently at 10% Outstanding and Nominees.
1 year in highsight
As mentioned in my previous post this is what I posted
Denis Edwards
Common Shares 35,500
Options 565,000
And in April looks to have Sold >65% of his position at $.28-$.29. I will be the first to say it, 35,500 is weak and where is the skin in the game? How can you sell AMK when you own 35,500 Shares? Do you believe in AMK this first thing that comes to mind. I personally own Multiples of this and paid for them along with most of you.
We all know the AMK slogan which I love, Don't get BUCKED OFF!!!
and a director gets Bucked off selling >65% of his position at about 30 then gets Half price Options. We have an amazing story, drill results looking better with every PR and Mr. Edwards was a NET seller of AMK for 2021. Terribly disappointing.
Then we have Tobin Wood and posted this.
Tobin Wood
Common Shares 0
Options 300,000
Again, not impressive at all.
In a nutshell you have 2 Board Members with Options makeup let’s call it about 10% of AMK then we have 2 other Board Members that own combined 35,500 at 20 cents that’s $7,100 and even worse that’s in CAD!
I was hoping to hear what Mr. Tobin brings to the table and it's unclear to me. I have no issues with someone starting into a new endeavour, all start from somewhere but I was looking for some clue to give a better understanding of Tobin's role. 1 year later this is what I see. No clear picture as to his role and added value, ZERO support of AMK threw open market buys, not 1. With the stock down over 50% and drilling leading us to believe larger expansion of resources and nothing. I bought and most of you also bought. Again this is disappointing. If you can't bring yourself to buy AMK how will you convince someone else that AMK is valuable if you yourself don't have any skin in the game?
There's still time, maybe more information about Tobin and Denis might be discussed.
All things being equal I will be voting to WITHHOLD the Election of Tobin and Denis, I will also be voting AGAINST the Stock Option Plan. As mentioned 10% is far too much, this number needs to be revised downwards. And Lastly I will be voting AGAINST The Stock Option Repricing. If you want Half Price Shares, Cut the total Option amount Proportionately or push out the date.
Overall these are small items that need addressing and some thought, AGM's are that time to do it. I really wish we would have had more buying from 2 of our Board Members and with 1 owning 35K shares and the other isn't an owner of AMK I want to see those 2 spots go to someone that can have a clear value added advantage to AMK shareholders.
What kind of value could AMK add?
We have to keep in mind AMK's current situation, Free carry, now that's one hell of a deal and we should all be grateful for Darren and all AMK for the hardwork.
One thing I've noticed is most Juniors on the surface seem to be following the same script for decades when the entire world has moved on. Many might see AMK's deal as the END meaning what could have been done was done now sit and wait. I think this is a lost Opportunity.
I think AMK needs to take the lead and BUILD and Brand around Treaty Creek and I'm not talking usal drilling bragging rights, I mean MERCHANDIZE!
First, you need a great Story. Biggest Gold Discovery in 30 Years, I say that counts.
Also, I'm not sure if any of you here remember when I posted my own version of a Treaty Creek T-shirt? Heck a bunch of you reached out to get one, I wasn't even trying. But I'm also thinking MUCH bigger than T-Shirts and Mugs but I'm also thinking COLLECTABLES!!!!
Imaging this, A Collectable 1oz Gold Coin poured from TC and with a Limited Number. Be the first X people to get the very first OZs of TC, the World's largest Gold Deposit! Stop drooling Fordster! Heck you could make a set and add Silver and Copper. Or how about this, every year they release a limited set with that year's drilling totals! Collect Every Year. You might think I'm kidding here but I know some of you know just how much collectable coins with stories can go for and Collectors love to collect!
Here's another example of something you could do to Brand TC. Take a look at this company. You telling me this wouldn't make AMK stand out from the bunch of other companies running the same script? Maybe a better addition to AMK would be a BRANDING/MERCH company? We have 2 years worth of media attention building for gold, Finally the age of a gold buyer doesn't exceed the age of the gold itself and so these are new times with a massive audience hungry to be part of something historical. Why not give it to them? Look at our Team and some of the Obvious talent. Hint, KELVIN!!!!! This Guy is AMK and Treaty Creek. His passion is undeniable and truly is a massive BONUS to us all as shareholders. With that Kind of enthusiasm I'm willing to bet that he would be a great Member to lead Treaty Branding? I think so and wouldn't you agree this might be one of those situations where "Pressing your Winners! " apply? Let Kelvin Ride that BULL!!!!!
Just things to think about.
Have a great day.