Mineral Road Discovery Inc C.ROAD

Now we'll see if Mr. Sprott has any guts

[stockzorg]

Anyone who owns stock and feels their management teams are not intelligent or ethical (or both) should read this dumpster fire of a news release from Crest Resources:

https://www.thenewswire.com/press-releases/1AlpFdWOx-crest-announces-distribution-of-bonus-shares-instead-of-rsu-plan.html

Mr. Sprott does not show any positions in sedi.ca for Crest Resources, but does show a position in Exploits Discovery (NFLD.CN, NFLDF on the OTC).  That position is 10,666,667 shares at $.50 - $.60 and 10,666,667 warrants at $.67 - $.70.

Exploits Discovery shares a CEO with Crest.  Crest and Exploits also announced a syndicate staking  agreement today covering an area known as PB HIll:

https://exploitsdiscovery.com/crest-exploits-syndicate-stake-pb-hill-gold-claims-in-the-exploits-subzone-newfoundland/

Further, on September 18, 2020 Crest announced the sale of claims to Exploits Discovery.  At that time several share grants in Exploits Discovery were made to various management personnel.  The "bonus" shares granted yesterday are based on the performance of the company's investments.  These investments were not exactly performing (in fact they were underwater) until Mr. Sprott made his own investment in Exploits Discovery on April 30, 2021.

Both Crest and Exploits Discovery shares tanked today on these news items.  In my opinion it's unlikely that any action will be taken by the exchanges or regulators involved (either in Canada or the USA).  But Mr. Sprott has consistently represented himself as a pro-investor advocate when it comes to subjects such as short sales, etc.  

It will be interesting to see if everyone just sits back on this one.

GLTA.  Doug

[Logic5371]

I added up all the bonuses at today's prices . It comes to well over $7 million. Im not a Crest shareholder ( thank God) but if I were I'd be contacting  IIROC. Michael Collins just gave away a massive  amount of Crest equity to his buddies . Can this be  legal ? 

[Kewl002]

If you happened to write down the value analysis -- would you please post it on this BB. It will save time and energy for those that want the same info but have not yet had time to cross the t's and dot i's etc on this brazen and imo unethical transfer from shareholders to employees. Thanks in advance............

[Logic5371]

Emma Fairhurst 5 million shares ( not options ) Today worth 5 mill x .175 = $840 k Opicawa  2 million shares at $.64 = $1.28 million  Origen  2 million shares at $.37 = $ 640 k Exploits 2.5 million at $1.25 = $3.1 million  Crest  14.5 million at .175 = $ 2.5 million 

[audigger13321]

Yes...but...but...but...she, according to the compensation committee, she  did tremendous work in the last 6 months, to increase the company's wealth. She deserves this extra compensation. (sarc. on)