Paramax Resources Ltd V.PXM

No Critical Information in Circular.

[StockBadBoy]

I must say I am very, very disappointed that PXM would send out a circular for the AGM on November 3 and say absolutely nothing about the company. They talk about compensation, how they get paid, who owns what, how honest everyone is, i.e. Whistleblowing, but I am amazed they didn't have a review of operations current for shareholders.

Very disappointed, and yes, big selling on the downside in the market today. A million plus share cross within Canaccord (god only knows what that means, likely someone wanting to get rid of shares, remember it takes a seller to complete ever deal). And other than that, clearly more sellers than buyers today.

Why would anyone waste the paper and not give shareholders a better sense of why they would want to own this company other than the ownership and how they get paid.

It would have been simple, here is the success, he is the current program, and here is the future over the next year. BUT NOTHING.

Disappointed.

[Kel2]

Information circulars are not meant to disseminate news.  News has to be issued through recognized news services and made available to the public - not just shareholders.

[Bigbadoil]

If you go to the AGM, you will learn alot too!!Boy is Stockhouse finicky to post too..

[StockBadBoy]

Good to see you two people are hooked. I have seen endless number of AGM circulars that provide updates to shareholders. Like you said the site visit wasn't material so they didn't need to put out a press release, surely there were many more material events thay could have enlightened shareholders with.I'd like to think, out of courtesy, they would have provided a summary of

[Kel2]

I am not sure what you mean by "hooked" but there are reasons thatcompanies do not put out news that is considered "material" to them.For a company the size of PXM and BUK any successful well would, in myopinion, be material.  However, there are exemptions to releasing suchnews and I expect that they currently fall under one of thoseexemptions.And I doubt very much that