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Re: StockKingArthur post# 20744

Friday, 12/28/2012 9:13:40 AM

Friday, December 28, 2012 9:13:40 AM

Post# of 62039
Not interesting at all, this has been known for quite some time.

This is interesting though- Mr. Cordon has $120k of his own money invested in the company.

Mr. Cordón acquired 3,000,000 shares on December 8, 2011 at $0.0015 per share in a private transaction with an existing stockholder which a Form 4 has not been filed. Mr. Cordón acquired 1,000,000 shares on June 5, 2011 at $0.0075 per share in a private transaction with an existing stockholder

This is also quite interesting

The board also discussed how to structure a compensation value to the proposed preferred shares for Mr. Benjamin and Mr. Martin in consideration for the non-payment to them of any compensation since taking over the responsibilities of running the Company after the passing of Company Chief Executive Officer Patrick Champney on August 23, 2011

Despite what many have said, as it turns out the CEO and Chairman of the Board are NOT sitting around Collecting a fat paycheck for doing nothing. Given his compensation is dependent on securing financing and or producing revenue, I would say that he has a significant interest in getting the mine up and running.

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