Lode Gold Resources Inc V.LOD

Board and CEO change?

[BalancedImage]

I beleive that its time for a board overhaul and CEO change, the current  board and management team does not have a viable business staratagy as is evidenced from the current share price and destruction of shareholder value that has occurred over the past year.

The following need to be addressed IMO

• We went from a gold explorer to a company that wants to develope a tiny leach heap gold mine proposal Re California Mines 
• Poor and inconsistant communications
• Zero effective promotion to US retail and institutional investor
• Granting of options for management( again) while shareholders endure share price destruction
• Zero sense of urgency to address share price..via a solid well comminicated stratagy approved by S/H
• Cleaning up and modernizing an anatrocious  website and graphics.. we are in the 21 st centruy and investors expect the same 
• If the CEO stays ( not my preferance) he need media training
• We have great assets yet are at the bottom of the valuation list..ever wonder why?

The above are just a handfull of concerns that I think need addressing.. there are others  

Please let me know your thoughts 

Kindest Regards

PO shareholder

[Milli97]

I think the CEO understands what he wants to do, but I fully agree with you about the lack of communication, poor website. I thought that this was gonna fly, but now and worried about getting back to .141 so i can break even! I have emailed the company numerous times with NO RESPONSE.

[chadio]

....I hear ya there....I thought the same thing, now I just want to break even as well......this never seems to hold any of it's price gains....always gives the gains back and some......usually making lower highs on the retreat...large volume but no price action.......like it is being walked down sort of....that is the feeling I get anyway

[BalancedImage]

SB litterally is a gold mine ...good projects, limited debt, abaility to raise funds, cash on the balance sheet...they just are not executing on a stratagy that investoers can buy into..very poor comminications, zero marketing to US investors, and no sense of urgency ...  Its time to go activist on SB to secure shareholder value.

[BalancedImage]

So last week I emailed Chad Tappendorf SB Director at boith his info@ and his Coast capital email accounts.. requesting a time for a breif phone conversation regarding SB.....no answer. This speaks volumes that a director will not comminicate with a significant investor. I will now email all directors and the CEO in | group email requesting the very same thing.. a breif conversation regarding SB

[chadio]

...hopefully you get  a reply........I tried to contact but didn't get much info.......is this going back to the pre rollback value of .04 or less ? .......pretty pathetic, no wonder management and directors don't want to talk with shareholders...very sad

[BalancedImage]

No reply at the time of writing this post. I will email all of the directors..and if I do not receive an exceptable answer or an answer(s) to my questions I will then write a public letter to the board, send it to the TSX-V and send it as a press release, calling for a shareholder vote tro replace the board and management. Once my lettre becomes public they will have answer ... I am absolutly

[BalancedImage]

I have started to reach out to SB via Twitter...lets see what they say.

[CBSindustries]

An individual director does not have the corporate or legal authority to talk to you. If they do, they may be in violation of the Board's confidentially agreement. If you want to learn more about SB's strategy and direction, I suggest that instead of anonimously bashing the CEO through social media channels, you read a few of their very transparent and informative media releases and

[BalancedImage]

Wrong any director can speak to a investor..what they can not do is divulge material information...case in point I spoke to the CEO twice last year.. the CEO is a director

[AnnunakiGold]

Correct on this.

[BalancedImage]

I have spoken to the CEO a couple of times..while he seems like a nice guy and has the technical chops and experience as a geologist he is not CEO material. If I can get enough support through the various media channels that I have posyte my comments and concerns on I will send an activist type letter to the board. He needs to go as CEO..he could fill the operational role of President or COO

[Milli97]

I totally agree with you. We need press to build investment interest. I am down significant monies and very unhappy with what I once thought was a "golden" opportunity. Something must change. 

[BalancedImage]

I am working on change

[Golder007]

@BalancedImage: You are clearly an illterate investor. all penny stock investments have huge downside risks. tsx venture exchange is for such speculative stocks. send them a letter and they will teach. send a letter to the press and they will put in a shredder along with others.  all mining companies have longer term view. you either invest and hold for 3-5 years or buzz off. dont spoil our

[BalancedImage]

Glad that you are supporting manasgement, a failed corp stratagy and a failed aquisiton of a near bankrupt Cali Gold ...i have a long term view but not a forever view...your arrogance in assuming that I have not been in SB for a long period of time really shows how you think and who you are at the core... many words come to mind.

[Golder007]

failed acqusition? failed corp strategy? one thing is for sure you are as ignorant as a door knob. sell your shares if you dislike the company. dont spoil other people's investment thesis. investors like yourselves are an embarrasement to the mining community. they dont understand the risks they are taking and complain when they lose a few dollars. i support the potential of these exploration

[BalancedImage]

Yes failed aquistion and stratagy... the company according to them added 856 million ounce of gold reserves to the balance sheet via the Cali gold aquistion, then announced a 25 percent increase in those reserves and the stock price cratered to .08 CAD This is failure by any measure  I am sorry that popinting out the facts as reported by the company and verified by the stock price ruins

[Milli97]

When are we expecting news on the summer explorations?

[CBSindustries]

It's the Board that sets and approves the strategic direction for the company NOT the CEO. I suggest you take a course in basic corporate governance along with a Grade 8 grammer lesson. While you're at it, find out how short selling vultures are killing junior mining stocks across the continent in the absence of stricter regulatory controls.  https://savecanadianmining.com/

[BalancedImage]

Wow peesp and the spelling ..I wish I was perfect... and as for corp governance... The CEO of SB sits on the board and has a voice on stratagy and stratagy is not entirley a board matter. Moreover stratagy is generally a vision of the CEO, board memebrs then use thier individula strenghts to gauge, critic and at time augement and approve overall stratagy. Another wow factor..blaming a failed

[CBSindustries]

It's the Board that sets and approves the strategic direction for the company, NOT the CEO. I suggest you take a course in basic corporate governance along with a Grade 8 grammer lesson before you post such ridiculously simplistic 'solutions'.  While you're at it, check out the definition and risk levels associated with investing in penny stocks, and more specifically how

[CBSindustries]

My thoughts are that you should try spell check and improve upon your grade 3 grammer before before we can respect any of your arguments. 

[BalancedImage]

Really..spell check is your criticism... grow up...get a life and in simple terms f off ... we have serious issues at both the board and executive levels of SB ...its clear that you do not see that.

[Milli97]

CEO brings vision to he board, board performs due dilligence. We need news, we need a plan that is effectivley communicated. Spell check optional, because come on man.....Targeting spelling, don't think that's the issue at play here!

[BalancedImage]

The company has no vision or mission statement ..they do not have an effective comminications plan....and clearly the board has not done its due diligence because the stock price cratered after the Cali announcement .. the continued issuing of option to board members, executive and insiders? and zero company performance... are shareholders really ok with this ?