Sinclair comments this evening
posted on
Jul 20, 2012 06:55PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
My Dear Extended Family,
Investor's Spring. Freedom at last!
You know that I have spent a good part of my life in an attempt to better understand the human experience looking for purpose. I would like to share with you a short conversation I had with Sai Baba in India in 1986. He said to me "What would you do if I made you a warrior?" The room was full of spiritually liberal people. I answered "make great war." There was a collective gasp by the attendees. Sai Baba said, "Right Answer, Sinclair."
Nobody wants war, but if it comes your way, and is your duty to pursue, it must be done, and done well. This war has been brought to us by those that would profit by destruction in clear violation of common commercial code.
These demons do not just short a situations based on a premise and await profit.
They pound mercilessly on the bids, seeking to depress the price.
They sell short the shares index and other funds buy as a means to get large numbers.
They immediately start dirty tricks.
They turn you in to regulatory bodies in the area of your trading and in the country of your operation on constructed nonsense.
They seek authors to write negative articles from their imagination to insult your integrity as a company not only where you work, but also where you trade.
They pay people to adopt a multitude of nicknames to post horrific lies about you personally and your company on chat boards.
They have a trading campaign to sell every instance of good news you have.
They have a trading campaign to sell your positive closes within the last 30 seconds of the trading day.
They enter orders with brokers who know what they want to happen in sizes larger than the total average daily trading to sell at the market on the close of Fridays.
They trade other exchange listed shares on the NASDAQ out of line with the listed close to skew the closing prices to the negative.
They actually paint the charts with their trading to make your situation less attractive technically.
These are only a few of the standard dirty tricks they execute in order to profit from these illegal acts to profit from the short which is the fruit of their crimes.
Their offense is violation of common commercial code. The short is simply the means of illicit profits. I do not intend to preach to you, but rather lead by example.
Your job is to get the attention first of those that are the management and directors of the companies you invest in that have been manipulated. You may have to be strong in order to accomplish this.
I am obligated in my corporate position to defend the company to the limit of my ability. I am obligated to say no, not on my watch. I am obligated to use all means, including litigation, to protect capital value on behalf of the investors. If I failed to do that I would be liable to you. This is true of every investment you have, not only precious metals shares.
Step one of "Investor's Spring, Freedom" is to raise hell with the management and directors of your investments to take action to protect your interests from illegal and unethical activities. Tell them remedy exists in common commercial code moreso than securities laws.
I will let you know what I am doing as I do it. I will lead other companies to protect you by example.
It is up to you to do one simple thing. Wake up this bunch of brain dead office decorations, professional campers and rock hounds and get them to follow me in my march forward.
Respectfully,
Jim