El Capitan Precious Metals Inc (ECPN)

[Pan4Au]

Georgei, on the question of former management alleged "irregularities" as suggested in that business update that said certain parties have been trying to bankrupt the company in order buy it on the cheap:

"We understand that there is currently a group of shareholders and current directors who are actively considering forcing the company into bankruptcy. We fear this is being done with a view to purchase the mine assets on a highly discounted “fire sale” basis, thereby wiping out the current equity and perhaps even debt holders of the company."

Is there a conspiracy going on that would cross into the area of stock fraud or illegal manipulation? And your friend Joe says there is a foreign national involved, and I think he also said an officer of the court is playing some part in this. This sounds like a soap opera! Like The Godfather or something. So ...

What say you about a government agency opening a criminal investigation? Have any laws been violated in your opinion, should actions of certain people be looked into, and what would the repercussions be for them and the company? Tell us oh wise one. We are sorely in need of your council because we are not expert in these matters like you are.