How to steal a company
posted on
Jun 22, 2010 05:24PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
1) locate a company with great prospects....something with an absolutely amazing find
2) take a large position....no matter what the cost
3) use that large position to overthrow the board....at a time when the whole market is crashing and blame the share decline on the current board.....threaten to hammer the stock down further if unsuccessful
4) get rid of non core assets....even if they are promising gold assets...while the only thing going up is gold....as those assets might actually encourage some to buy
5) exhibit signs of a corrupt management by issuing stock options on the back of a vague, very material news release
6) exhibit signs of incompetance....such as a failed takeover attempt or having your stock halted due to poor wording of an otherwise positive news release....on the back of two other positive news releases
7) during every interview, where the intent is to promote, ensure you comment on the remoteness of the deposit and the difficultly to ever put it into production...argue with others in the area, who suggest they have a plan to put deposits into production....argue that it can't be done
8) enrange the locals so that they will interfere with progress
9) get the government involved
10) initiate a PP.....no, make that a flow-through PP at a price lower than the current price in order to send a message to the market that you may be overpriced....then don't fully fill the PP....and do this at a time that you don't presently need the funds
11) allow your stock to be shorted by providing assurance that you will not surprise those who are shorting your stock with positive news
12) when the stock price is moving down....say nothing....when the price is moving up, act surprised or offer some news which communicates to the market that the stock is moving up based on nothing
13) don't drill anywhere near your borders as this may cause a flurry of buying due to a large expansion of the resourse...this may also increase the prospects for the area plays
14) announce drill plans....change the drill plans....announce a budget...change it...lots of contradition will go a long way in suppressing the share price....
15) as shareholders sell due to the above.....increase your position....repeat the above as required...issue further stock options and PP's at the bottom of the market....find other creative ways to suppress your share price....until the required number of shares have been stolen
The above are the steps I would take to steal a company from honest hard working individuals.....if I had the funds and a much lower moral and ethical standard
Disclosure: I have to admit....I can't take full credit for some of these ideas