I agree that all the comments about a declining pps surprising since what else would someone expect of this stock until it (a) goes into production (b) is able to convince investors management can meet its plan,and this means increasing demand for the stock.
As far as communications two issues - IR strategy and minimum disclosure requirements. As far as IR strategy objective is to create more demand than supply. Fairly simple - is it working ?
For disclosure Federal system unlike that of some states or Canada, it is not a "merit" system but a discloure system.It isnt SEC job to monitor whether management is good or not, is simply if they disclose material information especially considering SEC rules and regulations, in this case SEC Guide 7.Common sense indicates if one sends out a press release discussing $200 million value properties with a payment due March 6, that it is material if on March 6 one made payment, re-negotiated payment, or didnt make the payment.
They seem to have quite a bit of legal talent according to depth of their risk factors on the 10k , though maybe not lawywers familiar with junior mining companies. SEC Guide 7 only a few pages, I dont really see that either their press releases or filings follow the type of disclosure SEC recommends.Making announcements of $200 million plus values is quite aggressive for a company with no established reserves and a declining stock price.
