We know the resources are there and they're good. In my opinion, it is unquestionable that management has made significant errors, particularly where certain non-existent activities and one individual are concerned. However, I simply cannot believe that we have all been conned. Do you think for one minute that JPM, Dundee Securities, Stormcrow, GMP Securities,VR Capital and so on are going to let management get away with a con? Forget about the lawsuits. Certain members (and former members) of management would be doing time. So no...I do not believe we have been conned.
I do believe that things are taking longer than we want w.r.t. a deal. The world economy isn't cooperating. The TSX is an internationally recognized bloodbath. Yet our competitors have managed the market far better. Things could be moving more quickly with Madagascar than they have.
I'm giving Scherba the benefit of the doubt for the time being. But if he doesn't do something about our share price fairly quickly, I'll consider him no better than McKinnon and Schler. It is obvious that their VP of corporate development doesn't give a damn about publicity or the shareholders w.r.t. the share price. So if they aren't going to get rid of him, they should at least spend the money on a high-powered IR firm.
These financings on poor terms have destroyed our share price, our market cap, and management's credibility. The salaries of certain individuals and options haven't helped, either. And they've destroyed their long-term shareholders. If they have something brewing, they need to get the publicity moving. Nobody knows who we are.
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