UPDATE: Since I've gotten so many requests for PMs, I'll just post what my understanding is of my conversations with Gerald Parkin and Christine at L2I yesterday.
My understanding of what Gerald Parkin told me: He is no longer connected with the company in any way. He is merely a shareholder now. He feels very confident about the company that is why he is still a shareholder. I asked him if he sold his shares and he said he sold "very little" and still holds the majority of his shares. I mentioned that Heritage told me that he was their point of contact. He told me that AURC was looking for a new TA and he had recommended Heritage, that's all. He has no contact with the TA and the TA was mistaken when saying he was the point of contact. We spoke for several minutes and seemed happy to answer any and all of my questions the best that he could. He kept reiterating that he is only a shareholder now and is not aware of what the company is doing. He feels they are working hard running a company and he is also waiting to see the next PR. Well, that's basically what he told me.
My understanding of my conversation with Christine at L2I: Very friendly lady, french canadian. They are currently coordinating the shareholder meeting. It will probably be at a hotel meeting room as well as on the internet so all can participate. A PR is being prepared and information is currently being collected and verified for the content. I had mentioned that it was my understanding from the lady I spoke with last week that the PR would be released this week. She said that she'd rather say that it will be released the first or second week of August just in case that can't get all the pieces together for this week. That seemed fair enough. I asked her about the buyout and dividend. Obviously, she said she couldn't divulge the contents of the PR. She understands that these are very crucial points for shareholders. From my understanding, she felt what we would be hearing would be taken as positive but she could not elaborate further. I don't know what that means, so I'm not going to read into it at this point. She did confirm that they have been contracted for 3 months. I asked who her point of contact is and she said the Russian Management via a translator in Russia and Jeremy (which probably does not add much).
It might be worth a follow up to Heritage to see if they now are in contact with Russian Management via translator or Jeremy.
That's basically it. I'm still holding and plan to do so to see how this pans out. At least they have a new TA and they've engaged L2I and they are both contactable and willing to speak to shareholders. At least they are making attempts to move forward and somehow communicate with shareholders. I take that as a definite positive. As for the contents of the PR, I have no idea. I can't imagine they would go through all this without wanting to release positive news.
If you have your own questions that you'd like answered, I suggest you give L2I a call.
All just my opinion. Hope this is helpful.
