My understanding was he was a consultant up until 2011 but I do see where he was CEO ,a long time ago. Whatever the case ,details of how he "ripped off" the retail investors of CDE could be helpful if presenting an argument to our own management.
Not making any conclusions with our people ,I want the dialogue to begin. Too many people have too much invested here, to just cut and run. I firmly believe the management here is capable of exploiting the Galena,but I'm not sure if the mine success will be attached to the original investment, despite what happens with silver. My goal is to have a public dialogue ! ,that alone is the best advertising a company can have. Whether it ends positive or negative is entirely up to our CEO.
I've given ALEXCO ,as an example of distorted values in comparison to USGIF. I can go all down a long line, even with majors . The reason is clear to me that IF our management has designs on "our shares" ,it's because "our shares", are valuable. What they are doing ,imo ,is pretty much within the industry standards ,which is not to say ,it's OK.
It is poor management to dilute a company "by any means" or "for any reason ",if the share price is already grossly undervalued. It makes no common sense.
Options are designed to excel the process of share prices that are undervalued to share prices that are fairly valued. Abusing the options standard is happening all over the resource industry. The only way to stop it ,is to confront management and offer better solutions. That's my intent and the process begins by Mr. Blasutti reading this post or others similar and acknowledging that there is a problem here at US Silver&Gold and it's more than the spot prices of PM's.
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