Same very relevant questions...
1. Who are the individuals you propose to place on the BOD so they may be vetted before commitments are made and money spent?
2. Who is funding this action that may require one to two years to complete, and how much is budgeted and available?.
3. What are the names of the law firms in Panama, Canada, USA, and Germany that have been or are to be engaged, and will the entire ad hoc group be liable under their letters of engagement?
4. Who is paying them now for their preliminary feasibility work and research?
5. What are the estimated costs involved for, research, filings, protocol compliance, and who is paying or will be obligated?
6. Who is replacing the money ($60Million) that was to be provided by MPSA with the cancellation of the agreement that may occur under the terms of the just negotiated deal?
7. What law firm in Panama has given you a report that Panamanian law either will not apply or can be circumvented, and at what cost?
8. Who is fronting the money to pay the side agreements that trigger immediate payment of debt with the proposed change?
9. Who is willing to fund in total over ($100million) with no dilution or promise of repayment? (triggered debt, PP agreement, MPSA agreement,contractual severance.)
10. To what extent are the members of your ad hoc (Thus far unnamed.) group exposed to legal ramifications under Panamanian law; what law firm has been engaged to represent their interest and at what cost?
11. Same question for participating stockholders since this is a complete takeover there are Panamanian liabilities?
12. Who is going to pay for their defense of expected lawsuits?
12. Who specifically is going to inject funds to resume operations with no dilution or plan of repayment?
13. Who is going to recruit, vet, interview and hire new management members; at what cost and with what qualification?
14. What is your time line for resuming production and how is it to be funded given that approval in germane jurisdictions by government authorities may take two years?
15. Who has provided a feasibility study that convinces you this is an achievable plan?
16. Who is providing and what is the cost the insurance to protect all groups referenced herein above?
Simple but necessary questions that must be answered if one is seeking intelligent commitment from shareholders. Most of the items are required by TSX, SEC, and Panamanian rules and laws.
