Don, I think you can see the frustration that a lot are feeling, when they supported the company, sent the funds for placements, and now in some cases it is over a year and the certs have not arrived. None of this is blamed on you, you are in the same camp as us.
We have a CEO who is a self made man with extraordinary talents, but communication is not one of them. And the serious dilution that is occurring is part of past failures like San Felix. Section 9 of the 10Q talks about the convertible notes. JMJ Financial is one of the main ones, and I believe it was issued in 2013, probably financed some of the San Felix stuff. Paul said he expected the funds the end of March, and then nothing. Remember when he was mad because he could not surprise them because you called First Pursuit? Cmon, that was bogus, they had already defaulted, how were they going to be surprised? So you take out the notes and don't pay them back, and now you get more and more dilution as a product. This dilution is upsetting because it lowers the potential return if we get to our 20% royalty. The market cap will be affected if you divide by 500 million shares instead of 250 million shares. You just cut your potential in half.
You simply cannot treat the people who supported you with total silence, or leading them to believe the placer was at or above expectations, and then suddenly say you are considering shutting it down, and the 10Q then revealing that it never really ran at all.
Somehow Paul Thompson has to realize he will kill the company if these things continue, we will lose a lot, you will lose a lot more.
