Re: About this AS folly--dmagnus
in response to
by
posted on
Aug 26, 2012 09:47AM
(Edit this Message from the "Fast Facts" Section)
This is what the last SHM did for me...
1. How candid and open the BOD were along with RK. On our van pool to the mill and Sinker Tunnel...people directly involved in the operation were allowed to be questioned by the shareholders. Afterwards, RK met with shareholders for open discussion.
2. Proof of seeing for myself the development of the project.
3. I directly asked PQ about a buyout of the company/companies..he states to me, " I am a businessman, make me an offer."
Also, I pointed out why SFMI PR's are vague and not detailed oriented. Not in exact words....
" We are under SEC rules...we can't say many things we like to say in the PR's.
Dmagnus, I remember both of us having Lew Georges attention in Silver City. He was direct with us and said..." This is very capital intensive and there will be dilution."
I had Roger Scammel's attention....very decent thoughtful man...he talked about his wife and the workings about how stock prices react to JPMs. Also explained a piece of an ore and where the gold is. I brought back two pcs with me.
Some alarmists will say... Roger left in hostility with PQ. Absolute fallacy..his wife is ill and his job is complete. He still on board if needed for advice.
My conclusion....the PQ's and the BOD are doing their best to make this a successful and profitable start up company. They created a scenario where a hostile takeover is impossible.
We are moving forward..it's a process.
If anyone can do better...bring it up at the SHM and ask them you would like to join the BOD.