Bringing up the past on a RM and present it as a viable presentation of what things to come is on it's face a ludicrous argument and has absolutely O merit.
I deal in mergers and acquisitions on many companies and bringing up Marc's past, good or bad has very little substance as to what the new company will be like.
Without getting into what may come out of this issue, one thing I can make a reasonable objective assumption on with respect to the potential merger with International Mining will be that Marc, probably will not have a major managerial role and this is what mostly happens in R/M that have had a previous owners. Marc will get compensated and that comes with owning the shell, but that is where it leaves his purview and realm of ownership. He as well may have a minor role on the board of directors. But I doubt the new team would even consider his tenure in a position, but merely his reward will be based on the equity side for the sale of the shell.
The new team will control the interests and will run the company and from just what International Mining already involved in, tells me that their interests is moving International Mining into a viable JR. mining concern.
I have already stated in NO uncertain terms why the increase in the A/S will be conducted and how it is distributed to all concern and a talk of a split is a moot point and not even worth at this point to be a viable option.
When International Mining came to GDSM they had well in hand their reasons and how the new company will transform into and since we haven't heard anything with respect to that the talks broke down is a real plus in our favor.
Junior mining companies have a very difficult time to grow their company's into positive growth without a major influx of capital and the only way for these companies to move into that direction is to go public. To do a R/M with a shell is the least expansive way and a better option than an outright IPO that can cost hundreds of thousands of dollars. This R/M probably is going to cost in the area of under $100k well below the initial startup for a conventional IPO.
So far, this is looking very positive that things are moving forward and to give you folks a sign on how and when this issue finally has come to fruition is not through a PR that will happen, but the increase in volume. Watch and keep a close eye on Level II as this will be your first sign then followed up with a Press Release.
Have a good day
Varok
AI
