Part 2 (responding to Family Wealth’s post) Familywealth, let's begin part 2 with your paragraph that begins "and worse..." when an individual is fired from a prime position the very first thing you do as a board is separate them from the company's contacts, shareholders, customers, fellow employees and ongoing business at hand. I can assure you that when you ask if they might "milk" Bakker - there is no "milk" in Bakker- all the "milking" has been undertaken by Bakker since he joined the company in 2004. Re: leverage on Bakker - you bet they've got leverage on Bakker. You bet Bakker has leverage on Hewlett, Pearce, and the other three-- but even better, you bet I have leverage on all 6 of them.
You think Bakker feels powerless, not at all, Bakker is an absolute scoundrel, the lowest of the low, and playing you like the sucker of suckers. You don't think he has an office? He has the same office he had the day before he was fired, I walked past it this morning (question is who's paying for it?)
You ask if it's going to get uglier? Sure is, but not from the angle you think. You ask if we are all in the dark? Most of us aren't, you might be, I see it all in technicolor. This whole issue is not really alarming to any sophisticated investor, it's only alarming to those of you who don't know Bakker.
You may not have seen behaviour like this in "over 50 years of investing in juniors" but I, as a Certified Corporate Director, have stepped in and repaired many such scenarios.
Re: your 'one employee left working' : there was only one employee working to begin with. Do you actually think Bakker, Pearce, and Hewlett have been working 5 days a week on VRB for the past 9 years? Pre April 2013 VRB had up to 12 employees at any given time including me working 8-10 hours a day 5-6 days a week for 23 years.
The White Rock Surrey BC office may have been closed but it's certainly occupied now by Bakker, make no doubt about it. The door says XRG. Good luck with that.
As for Bakkers cell number, it's his own personal cell phone, same one he's had for years. I assure you whatever Bakker tells you will be exactly the same bull as he sold you in 2013.
As a director a person is not obligated to provide you any inside information about the company's affairs, the company does have an obligation to keep the shareholders abreast of material facts that could have a bearing on any investor's decision making progress. Bakker is NOT in a position to explain anything to you about what's going on with VRB's market. Bakker does not trade in VRB's market and has not purchased a share in many years. Neither have any one of the other 5 VRB directors.
Call the BCSC if you wish but they won't talk to you on the phone, my team and I have been in constant contact with the BCSC since April 2013 re: VRB and will remain so, unless you have hard facts, not speculation the BCSC will not undertake any investigation on your behalf.
Re: Bakkers LinkedIn - I've already explained why XRG is now his profile. Fake news.
Yes it seems that Bakker has been removed as CEO, president and Chairman thank goodness. I couldn't tell you of one of the reasons why Bakker was removed but I can tell you that I have about 30 file boxes and many many hard drives of data supporting my Supreme Court Of British Columbia lawsuits naming him and others that contain a ton of evidence (and the rest of the directors as well)
You only need a President OR a CEO not both. A chairman is optional as well.
The fact that Bakker was the only one and the closest to all the primary and material relationships is a disaster for you as a Shareholder - the fact that any one of these 6 individuals were near anything to do with this company, and still are, is also disastrous for shareholders.
(Part 3 coming next)