Monday, January 09, 2012 5:44:16 PM
He signed a option agreement that was exclusive and binding which he acted like it never was exclusive.
Negotiated with other parties to do the same deal CME contracted with.
Now he agrees to meet to deal with the dispute after he steals a potenital buyer of IO from CME thru the employees of CME.
Then he cancels the meeting then he agrees to mediation as we all have inofrmation on and then when the fact that discovery will be part of the mediation he runs agains and says no mediation.
So the Iron Ore is going no where until this which will shortly be in litigation since he is unwilling to meet or negotiate will be delt with in the court.
I have a list of companies that have repeated that Rich is impossible to deal with.
I would seriously wonder how shareholders can sit and not get any input or for that matter as I am no stock expert but it would seem to me that if there has never been a shareholder meeting or atleast not one in the last year the SEC would sure find that interesting.
This managment team is going to take a interesting deal and crash it into the wall becasue they are unable to figure out how to conduct honestly.
The lawsuit filed on Tom Clardige and Steve Eady will bring out all the discovery and all the truth of what acts Rich has been doing.
The shareholders should act together to bring this management forward to answer for its action so that CME can then deal with a team that actually wants to be in the mining business and not just the signing and cancleing deal business.
TB
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