Dan Byrnes appointed President of the Company in September 2014.
Final in a series of News Releases issued in April 2015. Together with a minor flurry of PR s during this six month period, a couple of "radio" hits and an incomplete Geological related Regulatory filing all news supplied by the Company (Management) ceased for over a year. Of course until the May 2016 announcement of a new Director.
Now suggestions, by some, are being made that "wonderful" things are going happen with the Company because of the addition of this new Director. A three day trip to Toronto by the Company President.
Inferences are supposed to be drawn that "the Company" is on the brink of something.
The Company has many manners in which to legitimize it s endeavours however Management has chosen in recent times not to pursue that course. The lack of Regular financial filings with the Regulators is a prime example.
I sure hope that a renewed "pump and dump" scheme is not what they are on the brink of.
Pump-and-dump schemes usually involve penny stocks that are quoted on the over-the-counter (OTC) markets. They typically start with promoters drawing attention to a stock through press releases, investment blogs and newsletters. They will promote their stock as "the next big thing", along with other misleading statements to get investors to buy in. The promotion pumps up the stock volume and price, and the stock price typically rises as more investors buy into the hype. What investors don't know is that the promoters own a large number of shares and once the stock price peaks, the promoters sell their shares, depressing the price, leaving investors with shares that are nearly worthless.
