Post by
Gazoo2021 on Oct 13, 2021 6:39am
Malaco Take over at most 15 Days Away
Shareholder`s Report to the Board of Directors
I apologize that we have make our report public, we have limited options of influencing an acceptable outcome to address our concerns.
We shareholders are of the opinion that this corporation has been hijacked and accordingly over the last few months, we have been taking actions to end the present situation.
This situation appears to have all occurred with the Goldmet Share purchase agreement that gave the existing directors voting rights over 56 million shares, we will review this item and attempt to determine who benefited from this arrangement.
Over the last few weeks, we have outlined various issues and 2 initiatives that we are leading.
One initiative was for all shareholders to vote Withhold for all directors with the exception of Dato.
Our second imitative, we started purchasing additional shares on a daily basis as we are increasing our stake holdings.
Like Malaco we see a share price that barely reflects the cash on hand and does price in the tremendous opportunity of a restructured Monument Mining.
After 10 years of observing the Corporation and our investment depreciating in value, leaves us with no choice but to help initiate a Corporate Restructuring.
Now to explain 2 additional items that the board of Monument Mining should consider;
Having a Chartered Accountant as our CEO is a concern for a mining firm.
We believe a qualified mining executive with the proper skill sets, education and knowledge in actual mining would best serve our interest.
In order to properly manage our business, we require a CEO who can set goals that are beneficial to the shareholders and the employees of the corporation.
In our present situation we pay our CEO $450,000.00 US a year plus a lucrative stock option plan to stay in Vancouver and manage our business and we recorded a 99 million write down last year.
The renumerations of our CEO should be cut in half with a better stock performance-based structure in place. They and the shareholders should be rewarded by stock price increases.
We assume TEAM and ZOOM meetings have been the norm during the pandemic, but oddly the board will not consider allowing shareholders to participate virtually in the AGM.
We believe, best for our present CEO to return to her former position of CFO.
That is what a CA specializes in and after seeing what has transpired over the last 10 years, we have no doubt that our present CEO would be an industry leader as a CFO.
Wages need to be adjusted downward with a proper stock option plan. We would like performance based renumerations.
The second concern is with our Chairman of the Board, the previous accomplishments lack a proven successful track record that rewards shareholders.
Having been the person who had voting control over the Goldmet shares is an added concern.
We require a Chairman that is goal driven, understands his capabilities and knows how to achieve goals that are beneficial to the shareholders.
It’s important for us to Vote in this AGM, vote Withhold, do not miss this one opportunity to indicate your displeasures with your past directors and our investment.
BUY shares on a daily basis, in a few more weeks Monument Mining is going to be a different corporation and the present share price will be a distant memory.
Our goal is to ensure Monument Mining is operated to benefit the shareholders; the future share price will indicate this achievement.
Comment by
romara on Oct 13, 2021 9:36am
Did, or are you going to send that what you wrote to management? ... If you write it.... you should send it ...... otherwise go talk to a mirror ....... Richard