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Tuesday, January 04, 2022 2:07:59 PM

Re: vv1095 post# 11464

Post# of 14221
This is easy to fix. They need money for CapEx. The Gold is not probable. It is a proven resource in ground resource based upon 100’s of drills and assays. Need a massive processing mill, dozens of trucks and 300 employees to tear at the ground for 362 days a year 24/7. Eazy-peazy.
They tried something new & utterly failed and destroyed value in the process. The II’s that are bag holders either put up more money or lose everything. Simple… Also they could do a huge 1st position bond backed by common & legal verbiage that basically lets them call the shots on everything. Legal language is huge and they would require immediate remedies in how they govern & make decisions. More than just boards members. “ can do XYZ unless ABC is done with the permission of controlling board members etc etc. lock down tight glad you think your CEO and bla bla but we run $HYMC period clauses. This takes a long time to create because the lawyers drawing this up are n the hook for E&O. All in all it’s probably a 100 X more complicated than what I am hypothetically envisioning. But I don’t see BK
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