RE:RE:RE:RE:Expected by year end our third NI 43-101 less then 2 years!saying no will at least send a message, but I am not sure it will help unless the bigger institutions also vote no. We will see where this goes. Elaine did say in an interview a couple of months ago that her bigger investors did not feel that a consolidation was necessary at that time. There are other projects with alot more outstanding shares and their stock price valuation is so much higher. We will see if institutions have changed their minds on the consolidation issue.
If minority shareholders indicate no for consolidation, the board of directors might re-think the consolidation ratio which I agree never favours the minority shareholders. I went through the 1:15 consolidation a couple of years ago when the new reverse split happened. And then we hit .04 cents from .15 per share which we sat on for the last 6 months. Let the current mineral resources and future announcements do the talking and make future shareholders pay for the shares. We have supported the past drilling to bring this company where it is today even though the market was very dismole, so I did my part now let new shareholders do their part.
If there is a potential buyout down the road, once the new projected drilling is complete the new resource will be substantially increased with many untapped areas for future mineral resources. I feel we have done the work, make companies pay if they want the property. If a consolidation does have to happen a lower share structure ratio is not perfect, but better than a 1:9 ratio.
If you have time attend the on-line AGM. I am not sure if we can voice our opinions, but I will be their to listen and hopefully put in my 2 cents. GLTA