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Monday, July 17, 2017 8:06:35 AM
Dan spent this money quickly and unwisely because he was attempting to 'pump' the stock as he was being charged by the New York department of labour.
My thoughts are this is completely false due to the fact Dan has not released very many PR's - If fact such a low rate many on this board have condemned him for that fact. A pump requires a pump - Silence is not a pump.
However, when Scott released a NI report that was latter the root cause of a cease trade and redaction because is was viewed as inaccurate - That would be a pump! - He fabricated action through leveraging a poor work.
Wydah Communications -a Panama corporation for $50k ......Dan demanded expedited assays (to get the assays within one week rather than 3 or 4 weeks for regular price)which cost an extra $27,000 Canadian dollars for the expedited assays.
I am shocked to here that a normal practice is to have a audit turn around in 3 -4 weeks. Scott was CEO for almost 10 years - in 10 years he drilled 11-14 holes. So by Scott time frame it took him 37 weeks to turn around each hole.
If three holes cost 50K - Scott drilled 14 - That is only 700K worth of fees. Where's the millions that Scott has raised gone?
Shareholders gave Scott millions and got nothing - Dan gave Scott money from a retirement fund, Scott failed to deliver a return, and then Dan gets sued.
Notice that Scott is very close to the roots of all these issues.
IMO
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