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Bullboard - Stock Discussion Forum Nordex Explosives Ltd V.NXX

"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."

TSXV:NXX - Post Discussion

Nordex Explosives Ltd > STOP WASTING SHAREHOLDERS' MONEY
View:
Post by CASHFORPLAY on Jul 09, 2014 12:22pm

STOP WASTING SHAREHOLDERS' MONEY

The failure of Nordex board and management  to deliver decent returns on shareholders equity 
is a serious concern of myself. With ROE substandard in the last couple of years it is not a surprise that  this stock is a dog. I have owned it for about five years, have received no dividends, and have a paper loss in the best stock market in years.

I have never voted my shares, and have seen change of majority  of board two times (2010 and 2012).  I consider 2102 takeover by the current board illegal as no information circular of "newcomers" was provided to shareholders prior to the shareholders AGM. Similarly, the private placement of 10 million shares subsequent to that was illegal as it resulted in buyers of this placement receiving control of the company without paying  the takeover premium, and receiving approval from existing shareholders. If it happened in USA (where I live) I am sure there would be serious consequences for people responsible for this.

I note with interest that the company engaged Capital Ideas  IR firm on the shareholders' dime. What for? To write news releases? Couldn't directors do that (presumabely they approve them all)? Or CEO? What Capital Ideas are doing for me? Absolutely nothing!!!!!!!!!

Mister Dean Stuart posted here, but fails to address  many questions posted here, for example why the company did not use the rights issue rather than raising through private placement ?
Comment by boardmarkercg on Jul 09, 2014 7:48pm
If someone has questions or comments I am available anytime for discussion on nordex and it's operations.  My contact info is at the bottom of every press release.  Dean
Comment by CASHFORPLAY on Jul 09, 2014 9:28pm
Why don't you answer qustions asked here by many shareholders? They are of interest  to both current and potential shareholders. How efficient would that be if all of us called you with the same questions? Or perhaps that 's what you want, so you can bill Nordex for all the time   you answer  individual shareholders. Want to suck more of my ( shareholders') money? Not a ...more  
Comment by boardmarkercg on Jul 10, 2014 9:57am
Post all your questions and I will answer them. Also please confirm your identity. Thx in advance Dean
Comment by AbNormAl on Jul 10, 2014 10:36am
Dean, Please advise why there has been no update/followup on a loosely worded Release indicating a JV with an unknown party in western Canada.  Seems very strange. Stalled out or on track? Often no news is bad news. Second, a Release indicated a ramp up in BB case production without indicating actual sales excepting the initial Release of a $750K purchase. No other announcements since that ...more  
Comment by boardmarkercg on Jul 11, 2014 10:38am
Gary Thank you for the questions. I will respond as follows 1. The Western Canada expansion is continuing afterthe initial release of the Letter of Intent on March 11, 2014. We put out additional disclosure on May 29, 2014 and further disclosure of July 9, 2014 with the hiring of a full-time controller to handle the additional activity which includes Western Canada. The Company will nto reveal ...more  
Comment by AbNormAl on Jul 11, 2014 4:19pm
I appreciate your response, Dean. Thanks.
Comment by withoutabias on Jul 14, 2014 1:30pm
Just as I thought. The IR firm , paid by Nordex, is totally useless when it comes to dissemination of information to the shareholders and improving transparency in the operations of the Company. Rules or no rules, what's wrong with posting voting results at the AGM? If a penny stock, like Aquila (AQA) can post them, so can Nordex. It is the information that belongs to the shareholders!!! Not ...more  
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