Post by
Ogopogo007 on May 24, 2021 3:54pm
I do remember the BoD debacle.....
....and the repricing of debentures...lower
thought it very strange at the time, perhaps LIM was trying something sneaky but as it turns out, they were trying to prevent massive dilution here and protect thier investment.
Bet ES wishes he had talked to them
of course it was done "The Mongolian way"..after telling shareholders... funded to production..along came massive dilution...so massive they had to have a Special Shareholder mtg to allow shareholders to vote on it.
Seemed rather strange at the time...if $0.90 buyers are lined up...why sell more at $0.70 ?
Rookies? Inept?
The cricket choir that sings from the STGO choirbook all chirped in...."Great Deal'
I voted against it
Interesting to see what was done in the dark...coming out into the light
No wonder mngmnt wants 3X salary and bonus for quitting
Just another sleezy day of doing it "Mongolain way"
JMHO