Re: Here we go again.....
in response to
by
posted on
Sep 25, 2014 11:45PM
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
There are many complications with managements disposition of our Cueva Blanca.
One of the issues lie with the valuation of the Cueva Blanca (CB), where it had an historical resource estimate which implies a value into the multiple millions as evidenced by past signature documents by professionals. For this property being sold at perhaps a minumum 1/600 of its FMV, with an upper range perhaps near 1/1800, this enters many policy subjects of the TSX. A MI61-101 Valuation report should have been filed, but when asked by me of the TSX, they clammed up and would not confirm if the SLI company was in compliance or not, my last questions on these rules and policy was completely ignored. Ther information I requested from the TSX as an investor, under investor protective regulation, could not be denied and places the TSX in a position of aiding and abetting a concealment.
One other problem that arises with the valuation of the CB, is that it required a shareholder vote on it being sold, if TSX policy had been followed, whereas the FMV clearly would show it above the 25% of SLI market cap, which required approval by shareholders.
To further, under the BCBCA, SLI could not part with this property without disclosing the directors and address of the buyer of the CB. This is because a determination cannot be made by shareholders, if the transaction was non arms length or not. So a very blatant violation of the companies act that SLI was incorporated under.
This CB transaction is a huge smoking gun on its own, and again, incontestable evidence.
To add, if any lawyers were exercised in this transaction, their oath of office may come into play as well, ignorance is no excuse in a court of law, especially for any solicitor.
The lawyers involved in promoting and coercing shareholders in the frivilous suit also has their carrers coming into question. A supposedly reputable law firm like Harper Gray, may have entered the realms of conflict of interest, in more ways than one....
Tsk,Tsk,Tsk