Pirie in as CEOof Breakwater - August 19, 2005

http://www.globeinvestor.com/servlet/AppNoticeArticleHTMLTemplate?tf=GlobeInvestor/AppNotices/DisplayNotice.html&cf=GlobeInvestor/AppNotices/config-neutral.cfg&slug=Pirie&date=20050819

		Breakwater Resources Ltd (2)		2005-06-22		Was disclosed as holding an option on shares of Co
				2005-06-23		Became a director of Co
		Breakwater Resources Ltd (3)		2009-05-07		Became a director of Co
				2009-05-07		Was disclosed as a shareholder of Co
				2009-05-07		Was disclosed as holding an option on shares of Co
				2011-05-10		Became a former director of Co

Pirie Shuts Down Mine - November 2, 2008 (make sure to read blog comments under clip)

http://equedia.com/blog/view.php?entryId=254

2009 AGM & Special Meeting - June 18, 2009 from SEDAR - Look up Breakwater

http://www.sedar.com/issuers/company_issuers_b_en.htm

Lots of interesting stuff on financings etc with Goodman led syndicate. There are lots of similarities just pick a NR and fill in the blanks.

BREAKWATER RESOURCES LTD.

ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

REPORT OF VOTING RESULTS

Pursuant to Section 11.3 of National Instrument 51-102, the following briefly describes the matters voted

upon and the outcome of the votes at the annual and special meeting of the shareholders of Breakwater

Resources Ltd. (the “Corporation”) held on June 18, 2009 in Toronto, Ontario:

Item 1: Election of Directors

The following nine nominees set forth in the Corporation’s management information circular dated May

7, 2009 were elected as directors of the Corporation. See voting results below:

Garth A.C. MacRae

Ned Goodman

George E. Pirie

Jonathan C. Goodman

Grant A. Edey

W. Murray John

John W. Ivany

Joanne Ferstman

David M. Petroff

Pirie out, Petroff in - December 3, 2009

http://www.globeinvestor.com/servlet/AppNoticeArticleHTMLTemplate?tf=GlobeInvestor/AppNotices/DisplayNotice.html&cf=GlobeInvestor/AppNotices/config-neutral.cfg&slug=Petroff&date=20091203

the damage has already been done, Petroff was already on the BOD so if Pirie is out, expect some other useful idiot on SGR's board to take his place.

Rollback 1:10 - June 11, 2010

http://canadianwarrants.com/company/b/BWR.html

The approximately 703.6 million Common Shares of the Company currently

outstanding will be reduced to approximately 70.4 million Common Shares.

Interactive Chart - Click on 10yr

http://www.google.ca/finance?cid=674846

Buyout offer - June 15, 2011

http://business.financialpost.com/2011/06/15/breakwater-sees-takeover-as-best-option/

The deal

-- C$7.00 in cash per common share, representing a total value of

approximately C$619 million to be paid by Nyrstar (the "Nyrstar Offer").

-- A special dividend of C$0.50 in cash per common share (the "Breakwater

Special Dividend") to be declared payable to Breakwater shareholders of

record on the business day immediately prior to the take-up of shares by

Nyrstar pursuant to the offer. This represents a total value of

approximately C$44 million to be paid by Breakwater, as consented to by

Nyrstar under the Support Agreement.

In conclusion, given the 10:1 rollback, original long retail shareholders that were around for the ride essentially got 70 cents per original share and a 5 cent dividend.

The high was $35.40 share. The low was 80 cents. Both pre rollback. So in Pirie's tenure as CEO the sp went from ~4$ to >35 and by the time the smoke had settled all you got was 75 cents. Imagine how many families lost their savings.

This should almost be criminal.

The only thing that will save us is a parabolic spike in gold and a considerable increase in production or if there is a rollback, buy right out of the gate.

To the BOD, you need to punt Pirie but it aint going to happen given the size of ownership by the world's biggest asshole and his son.

As far as a class action lawsuit, you would need to prove intent.