Re: What happens to Century Mining Corp. (CMNZF.PK)?
in response to
by
posted on
Apr 24, 2011 01:30PM
(this is a repeat of a post by nt300 and my reply over on Stockigloo since both sites are sharing the same dilemma)
nt300…….Your comments now raise the question ….. should USA Regulators be invited to the CMM Merger party ? To this add the fact that, while a Canadian registered company, CMM head office is located in Blaine, Washington.
If your assessment of 15 % in the "NO" column is correct and we still don't know about those standing in the wings, I think an invitation to USA Regulators is in order.
While I usually don't have a problem commenting on the ineptness of Daniel Major (32 days to destroy his credibility and 98 days to be accused of being a "Terrorist") his true ineptness lies in the fact that he cannot manage a $1,450/troy ounce gold mine to profitability, he cannot make a meeting and Management Circular happen on his schedule, he cannot make a definitive voting date decision happen, he cannot……., he cannot……. !
Maybe just maybe we'll have to say 'Sorry Peggy" ! We got all excited just because the financials didn't come out on time and we were faced with a CTO. The "parachuting" of Daniel Major into CMM, the behavior of the Board of Directors, the unscruplulous behavior of Maxim Finskiy & Associates……. did Peggy Kent really let the financials miss the deadline to invoke a CTO, or did Finskiy, Hulley, Major order her to let this to happen? Remember, at the time of the CTO, CMM had been trading at $.87.
I think we have to add this question to the list of questionable conditions being asked by the Concerned Shareholder's Committee and possibly investigated by Regulators.
You have to admit, looking back, the CTO is a well fitting piece in the Finskiy puzzle.