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Re: Bongo Johnny post# 7139

Thursday, 05/26/2011 10:18:09 AM

Thursday, May 26, 2011 10:18:09 AM

Post# of 19899
Well folks it appears that many of you feel that you have reached a crossroads with TADF and I understand how and why you may fell this way. I don't know whether management Of TADF reads this board or not, I would like to believe that if they do they are concerned. We have all heavily invested due to the DD done individually as well as a cognizant unit within this board. Many of us recognize the huge potential within the scope of the target market and believe in the integrity of the servicemen turned businessmen. However if this lack of communication and missed timelines continues I fear many of you may lose hope....we have weathered many a storm and as Long term holders. I personally bought into the company the first time last year just days before the illegitimate filing by Daniels. I have copied a excerpt from another board reflecting an action taken by the stock holders please look this over and offer up a discussion as to whether or not this may be pertinent and a possible course of action for us.

"He better be paying the shareholders their money for those leases. lol
The shareholders bought those leases and they better not disappear.

All it takes now is a petition from the shareholders to the SEC and the whole deal goes out the door and it's bye bye to your new CEO as it happened on this stock. Not to mention the investigation that takes place for the disappearence of nearly 2 million dollars.

I'm all for this deal to take place, but if I see any sign of fraud I will pick up that phone and do what I have to do as I did with FDMF.

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I would pay carefull attention to the following information and do some dd into it.

As common shareholders, we now do have the right now to petition the SEC to remove the officers and director of the company. And as you can see the CEO was removed. And no PR seems to move the stock now.
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http://ih.advfn.com/p.php?pid=nmona&article=45288701

October 27, 2010


VIA EMAIL, FACSIMILE AND CERTIFIED U.S. MAIL


Board of Directors of General Metals Corporation
Attention: Paul Wang, Director and President
General Metals Corporation
615 Sierra Rose Drive, Suite 1
Reno, Nevada 89511


Dear Paul:


The undersigned stockholders collectively hold just under 15% of the shares of General Metals Corporation (“GMC”) and intend to file a Schedule 13D shortly to report our holdings and our views. As stockholders, we have become increasingly concerned about the ability and desire of the board of directors and the chief executive officer(s) of GMC to effectively lead GMC to the fruition of its stated objectives. With GMC out of funds, we have discussed the situation and are now compelled to take action.


We strongly believe that the majority of the GMC board members should be replaced with new, completely independent directors, and want to propose director nominees who we believe would better represent the stockholder base as GMC seeks to maximize value for the stockholders.


We have observed what we believe to be continued negligent inaction during a critical time in GMC’s history, including inattentiveness to stockholders’ opinions. The last two director nominees submitted to stockholders for approval, yourself and Mr. Bob Carrington, garnered the support of a mere 54% and 53% of voting stockholders, respectively, hardly a vote of confidence. Since the company was reorganized as a mining interest in 2006, this is by far the least support ever shown to directors.


As our confidence in the board has diminished, we believe the need for a stronger stockholder voice in the company’s direction has become equally apparent. Stockholders have literally carried GMC financially for its entire existence, as GMC has never turned a profit and is not expected to do so anytime soon. Currently there are approximately 1,800 stockholders, including virtually no institutional investors. We are concerned that the Board may approve and issue Preferred Stock with preferential terms to the detriment of existing shareholders, many of whom have already endured significant dilution. We also believe that, in venture capital terms, our investments thus far have taken considerable risk out of the project and the treatment we have received does not appear to reflect that truth. We highlight the undisputed fact that the holders of GMC’s common stock have carried the company financially thus far in order to show that the stockholders have earned the right to a significant voice in nominating directors .


Favorite Quote:

Better to be thought a fool....than to open your mouth and remove all doubt.
- Dad

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