Four months ago..All shareholders got shafted by management with a private placement of
26,000,000 shares @
0.15 funded by themselves. They are allowed to start selling them as of next Monday (4 month obligation holding period will be over). Though they are often on vacation it is not in their interest to sell because they also voted themselves
26,000,0000 warrants @
0.25 in case they won the arbitration(as they did) so I'm going to take a sot in the dark and they will exercise these warrants if so desired (let me show you my shocked face). Don't get to pissed to fast, (keeping the cherry for later post)
But for the moment, lets read last ajustment to their big boss (sedar filling) done in late august 2011. I own almost 600,000 shares and starting to have a wide butt from bending over for these 2 companies.
Do a 3 minute due diligence on both contracts posted below. Oh, what the hell, i'l help you a bit..Verify D. Baker Capital's address and verify Goldbrooks address and how much rent they pay per month. my next post will expose the insider wife (that is not as hot as mine by the way) Will include internet service fees (because also a very good one) especially for a site not often up to speed.
If these guys would'nt have so many pounds in the ground, rk would have a pleasure flying to Vancouver and having a good discussion with all implicated.
Note 20. Subsequent Events
o Service Agreements
On May 2, 2011, the Company entered with a service agreement with D. Baker Capital Inc., a company controlled by the Chairman, for consulting services with a $25,000 monthly fee for an indefinite period. The Company may terminate this agreement any time by notice and paying 24 months’ fees.
On May 2, 2011, the Company entered with a service agreement with TJB Management Inc., for consulting services with a $20,000 monthly fee for an indefinite period. The Company may terminate this agreement any time by notice and paying 24 months’ fees.
o Private Placement
On May 17, 2011, the Company closed a non-brokered private placement and issued 26,000,000 units at a price of
.15 per unit for gross proceeds of $3,900,000. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant is exercisable into one common share of the Company for a period of one year from the closing at an exercise price of
.25.