I think there is little doubt that larryloo has been the chief beneficiary of the ecpn scam. He got out of management a few years ago with the merger with G&M and walked away with a pile of shares which he could sell with no notification to anybody. He has probably dumped most or all of those. He made a heap while he was with G&M. For instance he was paid $20,000 a month for sitting on his hands managing the silly little cod mine project which never ever had a chance to return anything to ecpn.
For larryloo, ecpn is the gift that keeps on giving. The 2 to 3 $Million/year ecpn burn rate over the years? Ya ever wonder where that goes? There is absolutely no sign it went to create shareholder value. Well I think big chunks this disappeared burn rate found its way into larryloo’s pockets and continues to do so.
How could this happen? Larryloo is not part of ecpn anymore. Well, larryloo was the main onsite manager at el cap for many years. He and his side kick dandy randy, were in charge of $millions in site work and sample collection for many years. Seems there is nil or nothing to show for all that dough. Where did it go? He has also had a long term relationship with charlatan davidson. The two are the principles in GCH.
So Larry has two current ecpn insiders in his pocket, both with their fingers deep in el cap dirt. Through these lackeys he controlled every sample Smith collected. He also is a partner in aurasource. He gets a commission for every transaction aurasource does with ecpn. I bet he is on the receiving end of a significant part of the $60,000 to $150,000 ecpn spends on exploration and pilot plant costs every month. It makes you wonder if stumblebum might receive some kickback from these “exploration” costs? If Gay is on the up and up, and alzhiemers has not set in, he should have a close look at the accounts.
