Friday, August 22, 2014 9:55:07 PM
For years I have said they needed to spend the money to do what is needed to become fully reporting.
We were told (by the same investor you mention)that it was a bad idea and we did not need to "waste" the money.
Then I questioned the money wasted as it was more than enough to do everything they recommended in the 43-101.
Nope, bad idea.
waste 2-3 years on a JV and do nothing in that time instead.
When SOE was having their exclusive I said drill anyway. If they don't make a deal we are ahead and if they do make a deal it only puts the JV that much further ahead.
Nope. Let the Chinese pay for it. Doing nothing with the cash from the exclusive was a better idea. Waiting for them to screw us was a better plan.
By the way... what did he do with the money from the exclusive? What did that cash do for us that was worth waiting a year for??
Scott has had EVERYTHING he needed to make this company at least have an asset value and everything he needed to become a fully reporting company
He has failed and the share holders deserve a public explanation. There needs to be some restrictions placed on our CEO and what he can spend money on. A COO who has no personal affiliation with Scott would be a good start.
None of it will happen.
Scott will meet with nobody and he will continue to flounder around until the costs of just owning the mine site become a burden and he will sell it off.
The best you could hope for is a share holders meeting where he will blow smoke up the arses of the 5 share holders who show up and then a continuation of the same crap that has happened for the past 4 years.
I do not have to respect Scott as a CEO and I do not. Respect is earned on actions.
Scott is a horrid CEO. He needs to have his horse beaten even after death.
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