Abcourt Mines Inc V.ABI

Who should vote on any important issues concerning our futur

[fbedard29]

Hi maybe it is my consumption of alcool that makes me post but this is when i think better.

Many concerns that i have to bring up.
Who elected Mr Hamelin as president .
Who decided on the $300k salary.
Who decided that if Mr Hamelin didn"t perform he would get $450k (18 months compensation) and also the same 18m for Christine Veilleux.

The $300k salary seems to be for showing up for work.

Now my understanding is that BOD have the options to give millions of options to directors if they perform.
Who decide on the # of options and at what price and what performance should be like.

Board of directors are there to represent shareholders.
Board of directors include Mr Mestrallet(20% ownership),Mr Renaud Hinse(20% ownership)  and all
other directors ( +- 1% ownership)..

I got the impression at the AGM that Mr Renaud Hinse is not asked for his opinion on  any new decisions.

Now that leaves Mr Mestrallet as the only significant shareholders participation in any new decisions.

There was a vote on the proxi that asked shareholders to let management approve at their will 2 new directors  (33%) withing the next year.
That was removed from the AGM (probably because there wasn<t a 50% approval).
Now will we see in the near future the same proposal to BOD that doesn"t need shareholders approval.
Yes maybe we have the best new president for the future.
He is surely the best negotiator for his own compensations.

I just calculated that among 10 of us own  20% of the co shares and have no saying in any decisions. 

Have any of you realized that one share out of 400m can elect a new bod .
The only option is to abstain from voting.

Maybe if Pershimex is part of the future one BOD from PRO might better help represent shareholders.

Fernand

[Theoldmariner]

Hi Fernand, Merry Christmas, to you and family! Just a few quick questions. The new name and the consolidation of shares were not approved i assume? yes Additionally, were there any questions about the mill harvesting of gold? In particular, final profit and any royalities paid to whom and why? Or any information at all, smile,  Regarding your concerns, if you were present why did you not

[fbedard29]

Hi Oldmariner. Yes i had the options to ask any questions but the timing and options to ask any questions was never right(wait for the end of meeting for questions but at the end i probably missed the 2 seconds that i was alllowed to ask questions). It went so fast and the meeting was over. Only 4 or 5 shareholders present and 2 were my brother and me and only 2 other that i could see. 10-12

[Theoldmariner]

Thank-you Fernand for your answers and views. This company has been a terrible journey to date for me. Regardless, tomorrow is another day and i am very certain this small company challenges is NOTHING compared to what is coming to us all in the terms of inflation and ....enought. It is time to think about and enjoy all we do Have to enjoy this weekend.. Good night Fernand. May you too find joy

[fbedard29]

And harvesting of gold from mill There was an additionnal 300oz that brought the total to over 1900oz.  As to OMH you could be right but also wrong. Yes the past was not bright but look at all other mining co and you will realize that  most have gone bankrupt or are at 20% of their high. So sometime one has to reevaluate his past conclusion.   So to evaluate the past compare to