posted on
Nov 11, 2013 10:57PM
Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Message: NR
IMO, this doesn,t look good on the SLI BOD, nor the Exchange, considering the financial situation with SLI at this moment. Not only is it a breach of fudiciary duty to act with investors concerns ignored, it is also the Exchanges responsibility to ensure security for investors, in this respect, among many more. When the regulators and the Exchange allowed for 1 judge to make a ruling on our votes, the regulators and Exchange became accountable and responsible for any outcome decided by a judge. So whereas the outcome is contradictory to policy and enforcement powers/authority of such, the act of negligence is readily apparent, because a unique situation has occured.
In our situation, with incompetence being blatantly revealed in the recent past, this created a unique situation in every respect that surely entitled or justified the exchange to act in the best interests of shareholders. No elegible shareholder should be denied their right to participate in this much needed financing. We are owners of this company with one vote attached to every share, when the BOD doesn,t hold any shares, they are not owners and the Exchange can support the BOD as owners of this company, but only to the extent of the votes attached to the shares they hold, which is next to none. The current BOD should not be in power, whereas the majority of votes were excluded from the last Proxy.
Hope readers understand what I am saying, I am in a rush. sorry
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