one share = one vote = 36 cents
posted on
May 14, 2011 12:31PM
In a previous post (May 12, "I have lived with oppression …..") Production05 outlined our reality. If I may extract the salient points from one of his paragraphs as to the reality that Finskiy & Assoc. and Major and his misManagement team are planning for,
Agenda items ……. 50% (plus 1 share) to pass.
…………. 50% (plus 1 vote) has complete say of directors elected
…………..100% of the directors.
………….`minorities` have ZERO say on election of any of the BoD members.
…………. 50% (plus 1 vote) to elect a director to the BoD. …..
…………. 50% (plus 1 vote) wins every time.
I, like everyone else on the "NO" side reads our posts and appreciates the concerns that we all have. However in spite of our disgust, anger, suggestions, musings, ventings, etc. it still boils down to ….. plus 1 vote. The math and actions are simple to understand.
one share = one vote = 36 cents
That first share that trades next Monday morning could be the very share that either allows Finskiy and Major to have their way with OUR company or it could be the very share that puts a stop to this nonsense.
In essence, the control of 6-8 million ounces of gold may only end up costing the owner(s) an additional 36 cents
We do also have the advantage of the Concerned Shareholder's Committee. As Finskiy and Major manipulate towards that 36th cent share, the members of the committee and our legal resources are working to thwart their (Finskiy & Major) actions based on Securities Law and Regulatory violations.
(Disclaimer….. I am soliciting nothing. I am recommending nothing. I am expressing my opinions. I am openly trying to drill down to the reality. I have much to think about.)