What is rotten in Denmark (SRSR)...
Golden Bear you are exactly correct about the "rotteness". Let me count the ways of this 'rotteness':
1. SRSR was around 2 cents per share in September 2014 when Dan Byrnes came on as president. The stock now is around one third of a cent.
2. Since Dan and Otto kicked Scott off as CEO SRSR has not paid any fundamental bills such as property taxes on the Nemegosenda property, not paid for the SRSR Nevada registration,not paid for core storage (the geological archives of the Nemegosenda drilling), not paid the geologists, not paid the driller, not paid the assay company (Dan asked for a 'expeditious' sampling and cost and extra $27,000 Canadian for no reason): not paid any trade creditor anything.
3. Dan Byrnes, without notifying SRSR management, took 96% of a pension fund ($226,000)and invested the money in SRSR. That is against ANY prudent investor rationale and,more importantly, its against the law. Currently, the NY Dept. of Labor is suing Dan and, consequently, Dan is scrambling to save himself. To save himself he entered into a 'crazy' deal to sell the Nemegosenda to a scam company (any company that has a 12,500 to 1 roll back is a scam in my opinion) without shareholder approval as legally,a meeting has to be held to sell the major asset of a public company.
4. Such that Dan's scrambling to save his own hide makes SRSR a function of Dan's legal and economic problems rather than honestly representing SRSR shareholders .
5. Dan's sister, Kathleen Fiero, has a $254,000 judgement against Dan as he, as a trustee of their parents inheritance, invested $200k plus into SRSR without her permission. Is this the type of man one wants running a corporation?
6. Dan and Otto have NEVER been to the property yet they act as if they are experts.
7. Dan and Otto, admittedly, have absolutely NO knowledge of mineral exploration and mining.
8. Dan is on anti depressants which may affect which little judgement he does possess.
9. Shiningtree gold properties have been shrinking since Dan cannot raise any money.
10. If a company transfers a major asset without coming to an understanding with its creditors is committing ,'fraudulent conveyance'.
I could go on.
If anyone disputes any of the above claims I will gladly provide the supporting documentation of these claims.
