Post by
shneps on May 23, 2024 1:47pm
Organization
The following is something that is not a big deal but merely goes to show sloppy management and poor organization skills. For all the executives, directors and advisors around here you would think this could be caught ahead of time.
From the January 11th 2024 news release discussing the debenture is the following forward looking statement -
"All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the Debenture and the use of gross proceeds."
From the May 21st 2024 news release discussing the Montalva update is the following statement -
"All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the Debenture and the use of gross proceeds."
Just my opinion but that is very unprofessional.
Also note that even though they say they're using the debenture proceeds as a bridge loan that may not necessarily be the case. Placing the statement here makes me believe it will not be used as a bridge loan, or at least a good portion of it.
Lots of consulting fees that need to be paid out.
Comment by
Baserunner on May 23, 2024 4:34pm
What is very telling , there seems to be NO Organization! With the endless telling of pass accomplishments (wind) , repeat news, head bottlewasher statements on things getting done extended! Yup, well Organize Group! What a mystery?
Comment by
shneps on May 24, 2024 9:43am
I don't necessarily look at it as a "material event" but certainly falls into the importance of reading the 20F report and following how the "risk factors" have changed from year to year. I personally don't like having to decipher the verbige utilized but it is very important to "try" and catch the nuances that are being stated in these documents.
Comment by
shneps on May 24, 2024 9:24am
Sorry, this statement (Well it looks like all the money from the debenture is gone and they already need more money.) is highly speculative and I wish to retract it. Apologises for being presumptous as to the debenture monies being spent.