OK so we are back to a year ago, fine.
Again, Rod was elected CEO when Patrick died at age 45. Rod had bought 9,700,000 shares of SIRG in Oct of 2010 when it was trading at around .25. He had put a lot of his and his brother's skin on the line - Blackpool Partners LLC is his investment company that also did/does import/export business.
Rod told me he didn't like the situation but had to play the hand he was dealt and he would make a winner out of it.
I am guessing that he had funding lined up but they wanted proof of the ore in the tailing piles. He had to hire a company to get up there and do the test drilling and send the samples to ALS Minerals in Reno. That required MONEY and he needed it fast so he went the Asher route just as a thousand other companies have!
He had expected the test results to be excellent and they were. He expected to get the funds and pay off Asher before the notes came due. Then the permit problems appeared and he had no choice except to borrow money to hire RIZZO to get the BLM permit and then to hire CDM Smith of Phoenix to get the APP transferred.
These companies do not perform for free!
So I guess you and other non SIRG investors would have preferred that Rod throw in the towel and say "no money, I quit".
Rod has done whatever is necessary to continue to move SIRG forward to production and he will get us there.
