Re: New Post: Liberty Star’s Board Chairman Pete O’Heeron Ranked #3 in The Silicon Review Magazine’s 30 Best CEOs of 2020
posted on
Dec 17, 2019 09:52AM
Combining Classic Mineral Exploration with State of the Art Technology
"Why should BG have his way in this matter? Is there anyone else who shares his views- or has this become a one man- or a one part time man show? His actions also even may very likely be potential impediments to the very deals and partnerships we are all hoping for. For all these reasons- I do hope our Board Chairman deserves his Silicon Review accolades and will exert his leadership role and set us back on the right path."
I do not know what promoted their takeover of LBSR, but what most concerns me is the appearance that they did so for entirely selfish reasons. Otherwise, the news would have been concurrent with an announcement that Brett and Pete were assuming their new roles on an interim basis. " Interim" meaning subject to finding an appropriately qualified person to run the company followed by that person confirmed in a vote by shareholders. That they did not accomplish their takeover in this manner affirms in my mind that they were far more interested in what LBSR could do for them than for us other shareholders. Forget the legal and moral questions on display here; this is at least the concept of "other people's money" carried to an extreme.
When will we have a chance to vote on any of these changes? Do not SEC regulations require it? I think they do.