Jal, By the way thanks for some of your previous posts and support of what I am trying to do. I must say I was pleasantly surprised.
The purpose of my extended post was not to assign blame (plenty of that to go around) or to say would should be fired, canned or burned at the stake. I do agree that some of them deserve it.
The purpose of the post was to establish a base of what is possible to be done when you have very limited resources. Waving a bunch of emails will not do the trick because it does not comply with the TSX rules and you will never even get a chance to have something to vote on.
It makes me think of a well known book by Miguel de Cervantes. Something about chasing wind mills if I recall.
I urge some of you to research the rules governing the formation of a stockholder group representing more than 10% of the shares and strongly advise them to use a legal counsel and I mean a real one not a friend that read a few of the TSX rules.
Soliciting votes is a regulated exercise. We are talking personal liability here and the D&O insurance is for Directors and Officers not for stockholders.
One can agree or disagree with my suggestions and if it will work or not but IMO it is the only approach that is feasible short of finding a mining shark that will put the money up but dump all the shareholders. Oh yes, the previous team will be gone and that will make you feel good but the new team will control the company and will own most of the shares. Do anybody seriously think that such an individual will bring their own team and do it for nothing!! Remember that the solution to pollution is dilution!!!
You are right, nobody will loan money to this company under the present condition. If by a miracle they do it would be with unacceptable terms. BTW, I am not even sure if the company needs money until I see the post FQ deal balance sheet and the going forward plan. Am I skeptical about that plan? you bet I am and that's were influence can pay off.
