With regards to the number of company directors, I believe that there is no specific limit. A company can have as few or as many as it wants.

Bear in mind, however, that each SPQ director receives a stipend of $60K. That means SPQ is spending $420K this coming year on its directors! And we have two directors that don't own a share. Nada. Zilch.

Begs the question. Why vote your shares for Hamelin and Franklin?

Shareholders can formulate what is referred to as a shareholders resolution. By doing so shareholders can propose their own slate of directors or some new individual directors. But it is probably too late for that idea right now.

However, if we WITHHOLD our votes for Hamelin and Franklin, we might persuade the BOD to find some other directors more interested in the future of Spider Resources.

As for having Nemis and Watson on the SPQ BOD, that's an interesting proposition. It certainly would be better than Hamilton (Noront) and Smeenk (KWG).

Snug