Replies to post #89142 on Santo Mining Corp (SANP)

[SteveWin]

Spike - it wasn't your exact quote. You said "Apparently they have moved on to bigger and better things ..... ", I paraphrased that to "Moving on to the next scam", because I thought that captured the spirit of your whole post (in less than 8 words). And I wasn't criticizing you at all - I'm totally in the "Frankie & Co. are scammers and almost (if not actually) criminals" camp.

I was just offering a counterpoint to your post, to suggest that if the scam artists have "moved on" - if the worst people in SANP are stepping away - that might be a GOOD THING for the company and shareholders. I think all this Bahamas activity certainly makes it seem (SEEM) more likely that the Canoe takeover is coming sooner or later.

If this was a "real" company instead of a micropenny pinkie, the evidence of executive absence would inspire some lawyer shareholder to file - NOT an SEC complaint - a motion in a court for the company to go into receivership, with the court appointed receiver supervising a shareholder meeting where shareholders could elect a new Board to hire a new CEO, and instruct the new Board to attempt to complete the Canoe RM and/or seek another RM partner. In that scenario, at the very least, Frankie would have to show up (or complete proxy forms) disclosing and voting any shares he personally holds in the company. We would then know whether he is accumulating for another pump, or if he's out of it completely. That information (names, addresses, number of shares held) for all shareholders might even be available from the transfer agent, possibly in response to a subpoena.

I HATE complaints to SEC - they start by halting trading (screw us), then if they find fault, they fine the company (screw us) and transfer the fine money to shareholders who already bailed at higher than current prices (but mostly to the lawyers). FAR BETTER would be for shareholders to seize control of the company, so we can slam the door on Frankie while he's outside playing in the Bahamas, and we can then try to salvage some value here.