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Bullboard - Stock Discussion Forum Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.

OTCPK:MEAOD - Post Discussion

Metanor Resources > Stock Price & Management...
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Post by u2bob on Nov 25, 2015 10:31am

Stock Price & Management...

...amazing how so called exciting time for the company with a new shallow  discovery and drll results ... potential open pit and no accumulation of stock by management !!!

This is my biggest concern with management ...not even owning 1% of this company ...

when I see what management is making ...and share price at 3 cents ...and they will not spend one cent to buy on the open market and show support by saying they believe in this company ...then how the heck am I or any other shareholders here expected to believe anything that comes out of managements mouths...and then have them ask for our support re election and rolling stock options...really !!! while share price drops and dilution of the company expands every day... maybe if management was paid in shares they would be able to relate to their shareholder base ...
 
Mr. Serge Roy is a Director and the Executive Chairman of the Board Shares owned 2 076 069 
 
Ghislain Morin Qubec (Canada) Mr. Ghislain Morin is a Director, President and Chief Executive Officer of the Corporation. Shares owned 1 350 846
 
Ronald Perry Qubec (Canada) Mr. Ronald Perry is a Director and Vice President & Treasurer Shares owned 220,000 

I will wait to hear what comes out of the meeting before I sell or buy anymore ... drill results will be a big part of what happens here next as well ...and watching to see if managemet ever buys any shares would certainly help...we should know soon !

Later
Bob
Comment by tsoprano1 on Nov 25, 2015 11:09am
Well said Bob. What I find interesting is the fact that all kinds of PRs before the PP to get support of dilution and now after it is done they aren't talking. No drill results, no hype on huge strike. Nothing. It was all a mirage set up to get us to buy the few remaining shares of last PP and have us ready for the next. I made a mistake in thinking these guys are incompetant. They are, in ...more  
Comment by Matagami on Nov 25, 2015 11:19am
They are a bunch of bandits
Comment by u2bob on Nov 25, 2015 12:12pm
I hope your wrong about this part above that I highlighted ...and lets hope the next batch of results are as good and shallow as the others ...expanding new resource would be whats needed ...and like geodan said adding maps and drill direction to the NR's with more transparancy is a good start ...and maybe take the time to update or remove the Corporate Presentation ...annoying to say the ...more  
Comment by pdcon1 on Nov 25, 2015 11:13am
 i understand your  situation  but if mto has news to submit  in the near term management arent allowed to buy or sell shares as it would be privileged info , lets hope thats the case here as they keep drilling the south zone , they must have some news by now.  
Comment by LiTeOn1981 on Nov 25, 2015 11:23am
This post has been removed in accordance with Community Policy
Comment by willsee on Nov 25, 2015 8:02pm
I bought 20000 shares a month or so ago holding my nose, going against my rule not to invest in company with nontransparent management. I sold them today for loss. I don't blame this management for that. They are doing what the rules or their conscience (or deficit of it) are allowing them to do. But I do thank them for the learning experience which reinforces the wisdom that you will know ...more  
Comment by bagslady on Nov 25, 2015 8:24pm
All MTO shareholders must feel really sorry for you. You didn't make a profit in a month. What a shame. Did you lose 100 or 200 bucks? That is an inexpensive lesson learned. HA!!
Comment by willsee on Nov 25, 2015 9:12pm
Well Bagslady... Seems to me that most of MTO shareholders, based on the mood of number of recent posts, are feeling sorry for themselfs. I hope you have no reason to feel that way. But the point of my previous post was not to complain about modest loss, but how easy it is to get cought up in the hipe ignoring clear warnning signs (large sell volumes, absence of management buying, high ...more  
Comment by witsguy on Nov 25, 2015 11:27pm
True. When did honest Ronny et al buy any shares in the open market? Not really what one would consider strong leadership of a diluted pig of a share structure trading at a few pennies....? Utterly gross no?
Comment by pdcon1 on Nov 26, 2015 7:53am
lite you should of been gone a while back what are you waiting for . i am waiting for the south side drilling results .
Comment by LiTeOn1981 on Nov 26, 2015 8:48am
This post has been removed in accordance with Community Policy
Comment by goldminer01 on Nov 26, 2015 11:56am
This post has been removed in accordance with Community Policy
Comment by Maxmoe on Nov 26, 2015 4:11pm
Here's a little more fuel to the fire. If for some reason they can not purchase shares due to restriction of inside info then they are also precluded from getting awarded any options. Who wants to check up on them for that? Osc would love to know if they claimed they were restricted but issued options to mgmt and directors. 
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