Nova Dean Pack is a new member of the board but does he have or control enough voting shares to reel in management as now in charge? What other source of money does Unico have to pay for the debentures when they come due besides issuing discounted free trading shares? Bankruptsy or the same ol same ol massive dilution and reverse splits seems to be the only choices management has driven this company to. Couple that with no proven resources and difinetly no reserves and no plans to prove any with antiquated mine infrastructure and questionable regulatory compliance. There as been literally millions spent by Unico and yet there is nothing to mine, no business plan, an uncompleted mill, no operating capital and terrible credit.
But for your arguments sake lets say the new board members can change the way Unico does business and replaces the CEO and operational personel, it does not change the fact there is nothing to produce (mine or mill).
There is no easy fixes for Unico. It is doubtful the status quo will change even with new board members because management has no incentive to do otherwise the money is just to easy.
The only shareholders that have made money are the debenture holders. The shares did not cost them a thing and thanks to gulliable unsophisicated investors they can sell those at a profit every time. Who ever said you can't get something for nothing never heard of this scheme.
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