They put the news out when it happened. No doubts about that. Their strategy of putting news out followed by financing after a few days did nothing but crash the stock. That has been their method time and again. At least they waited just a little longer this time after the BFS release.
The promotion needed to be direct to investors; meeting with groups and funds. Nobody knows about this company. Well...after McKinnon was removed, people heard of ENZR. Sprott knew nothing about them until McKinnon was removed and left four mining companies in disarray (their words).
No question that the economy has created a lot of problems. But on the other hand, our graphite competitors have done far better in regard to share structure. Take a look around their websites; you can see that they did a far better job of promoting themselves and keeping investors up to date with news.
Brent never understood it. To him, such things are a waste of time when more important things have to get done. Yes, more important things have to get done. But not paying attention to trivial promotion will cause a share price to fall and then financing at poor terms causes a share price to fall sooner. Eventually, smart investors stay away. I believe that to be what has happened. There is too much risk with management; not the resource. Gibbon, we should have 200 million shares out there; not 350 million (as the case will soon be).
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