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Roddiggiti wrote: I don't think they would update the MD&A if they didn't have to. Been at this for a couple decades and there is no obligation to update shareholders about doing work programs. The CEO is very wealthy from what I've researched and he has sit on this project for years, waiting for metal prices to go up. Well now is the time, especially with stimulus coming in. As per money grab, once again the CEO doesn't need money. None of the directors pay themselves and G&A cash burn is super low. Having options issued isn't a big deal becuase they need the stock to go up in order to exercise them. Nevada is a safe jurisdiction and the asset is quite valuable. Lets see what year end results have to say.
I'm with you...let's see what comes of it this year, but I'm not holding my breath. Been here too long to trust this management. He does however have obligations to the shareholders and the regulators. He must provide and satisfy the exchange requirements and provide proof that this is not a dormant company and that it has a viable business plan. It is extremely rare for the regulators to threaten and demand that a company do the minimum to maintain a listing. This shows red flags about the management of IMR.
So if you say the owner doesn't need money, then why take the company public, he should have kept it private and benefited from !00% of the property assets. I believe he does and will need money, but for the past decade he's been working on increasing his market share in the company. Let's hope that he will finally bring it to fruition.
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