Info regarding CN YC... My favorite stock FWIW...
From: Larry
Sent: Friday, June 10, 2011 7:15 AM
To: Robert Meister
Subject: Re: News / TSX listing
Bob,
These questions aren't meant to be sarcastic. I'm wondering what you see as a timeline now. Being short the money you need does it set the TSX listing back 1 week, 2 weeks, or more? How many inquiries do you receive from other shareholders asking the same things I am? Do all these delays have an affect on your business plans? Do you still feel as confident now as you did when this TSX listing process began? I ask this becuase as a shareholder I wonder with all the issues/delays that have arisen with the financing I have concerns with how the comapny will proceed if/when the financing is completed. Will things be better becuase it will be in the company's control and right now it's not?
Thanks,
Larry
----- Original Message -----
From: Robert Meister
To: 'Larry
Sent: Friday, June 10, 2011 11:12 AM
Subject: RE: News / TSX listing
Hello Larry,
Let me first communicate to you that all I am able to do is forward you information that I have been told or sent. I am only able to communicate information that is available for public/shareholder knowledge. With that being said let me assure you that Tony Harvey (Chairman) and the rest of the management here are working diligently, professionally and in the best interest of our shareholders to move Canyon Copper forward in ALL respects. I know that this process has been frustrating and almost annoying but it has been frustrating for all of us… We wanted to have all of these details signed off on a LONG time ago and we have all been working to get everything done as quickly as possible.
Your Questions:
Money short for the exchange: (Our Minimum Listing Requirements)… 1) The exchange originally stated to us (Canyon Copper) that all we needed was $1.6 Million. Then the reiterated to our Sponsor Group that they wanted $2.5 Million… Now this miscommunication between the three parties has been very frustrating and misleading. The approval process of the exchange has been very discretionary which has caused numerous “issues” to say the least. We have asked them for a firm number which they have recently given us and we are approximately $100,000 short (numerous factors have to be taken into consideration with this amount… fees and payments have to be deducted, we have to watch what % of shares our management is holding, etc). We are sorting out these details internally and with MGI (Sponsors) to have this done ASAP.
Inquires: I get numerous inquires. Phone calls, Emails, people dropping into our office, etc. mostly looking as to when the listing will be completed plus when work(drilling) will commence. We (management) discuss these matters on a daily basis also.
Business Plan: all these delays do not affect our business plan (besides the commencement date). We have a clerar and concise plan of action when the approval process has been completed.
Confidence in the TSX Listing: I absolutely have confidence in the listing, not only that it will get done but also to the affect that it will have a clear benefit to our shareprice and future opportunities in the market but also in progressing our company towards production.
Moving Forward: everything is still in the company’s control… we could commence on a number of operations however we are waiting to clear up the TSX listing before commencing. It will be in the company’s and shareholders best interest if we conduct business operations after the listing has been finalized.
Moving Forward: As I have alluded to above; we have a clear and concise plan of operations. We will be commencing work on the property with an aggressive drill program. We have drill core (almost 11,000 feet) that is prepared to be sent to a lab for analyzing (so we will have drill results very quickly. We will are looking to establish a project pipeline of other significant Copper deposits (we have been very active in this matter, but cannot disclose any of this until after the TSX listing has been completed). We are working very hard to establish ourselves as a significant player in the industry and will have positioned ourselves as a near term producer.
Being the front man for communicating information I do have numerous restrictions as to the information I can disseminate to the public… I am also only told information “from above” that I am able to communicate to the public… The rules and regulations for ALL exchanges are very strict in this regard. So please understand that all I can do is communicate to you the information that I receive. I am not holding out on you and I am not trying to mislead you (not that you think that).
I just want to assure you that I, plus everyone else here, is working very hard to ensure that we can get this listing done so that we can move forward and be the success that we all believe we will be.
I am very optimistic that everything will be done and finalized very shortly… the sooner the better because we all believed that this would have been done MONTHS ago.
I hope you are well and I will continue to do my best to keep you as informed as possible.
Talk soon,
Bob
