My thanks to Buddyrich, 34/54, mdavid40 and DTGoody for your encouraging words and positive input. I've been in AURC since December, 2005, always adding to my position, waiting for the big payoff.
The recent moves by the Company are the most dramatic I have seen in terms of establishing its legitimacy. Heritage Trust
as the new TA to make the dividend happen, L2I to organize the Company's PR and shareholder relations, clearing their tax liability with the State of Delaware -- these are significant developments that will help the Company by improving its corporate image and respectability.
I don't think the BOD would have realized these things are essential on their own. They said they are looking for an individual to act as their new North American representative,
and 2create was probably on their short list. I say that because these recent developments sound like his ideas. I wouldn't be surprised to see him as one of the hosts at the special shareholders meeting (and Mrs. 2C as a hostess).
I expect the PR by August 15th. Any later than that would not give shareholders enough notice to be able to attend the meeting. I think L2I may know by then who will be coming from Russia to represent the Company. If they choose Burlington as the site of the meeting, it will probably be to make the trip less inconvenient for the Russians and Europeans who are coming. They would likely be flying into Montreal and driving two hours the next day to Burlington. It's a very scenic ride.
I have four personal reasons for attending the meeting and it doesn't matter where it takes place -- Burlington, Hawaii, Denver, Chicago or Osh Kosh. One, I need to get away from NYC and see some other surroundings and, two, I want to ask G. Parkin if he was responsible for the faked buyout of NDOL. Three, I would really like to meet some AURC shareholders face to face and raise a glass to our future success as investors in this Company, and four, I would like to meet 2create and see if when he speaks, it sounds as convoluted as what he used to post on IHub.
DTGoody, if the buyout doesn't take place, we're still sitting on a pot of gold. With new management direction, Aurus Corp. could go it alone using a new business model. They could focus on ramping up production on one front and on becoming fully reporting and getting uplisted to a higher exchange on the other front. Those developments would make Aurus a much better buyout target within a year at well over a dollar (my most conservative estimate).
Of course, there is the possibility that the cash buyout is still on the table and will go through at .55, but I believe the original buyout deal is not what will be announced in the PR. The dividend should already have been distributed, and the fact that it hasn't tells me that some negotiation is taking place that has put the divvy on hold.
If production has significantly increased in recent months, the Company may be in a position to declare a cash dividend
and that may be a sweetener to soothe shareholders who are apprehensive about changing the .55 buyout deal to some other arrangement.
Rest assured, this is no scam. A scammer does not hire L2I
for PR purposes and also pay off its state tax liability. If there is a new deal, you can bet it will be in the best interest of the long-term investor and I personally plan to continue to hold all of my shares. And if a new deal does happen, it's either because the BOD felt cheated at .55 or the buyer couldn't come up with the cash.
Note: I remember that 2C was never happy about this cash only buyout. He suggested a combination of cash and shares in the new company produced by a buyout/merger. That would allow Aurus shareholders to continue to profit from the mining of all that gold. Because the moves the Company is now making look like his handiwork, I wouldn't doubt that he is directly participating in the business dealings of Aurus in some capacity. That would certainly explain his absence here.
