Excellent post. A lot of flippant talk occurs on the Agoracom boards now. (I'm not without blemish.) And the use of certain terms e.g., bankruptcy - have lots of, little of, or no meaning for the individual readers. In the case of Doryloads, a fine lawyer, it is a loaded term.
IMCO having chatted with Neil on the phone, there will be no bankruptcy. However, there will be a financing. Neil was playing golf with Mike White (IBK Capital) a week before the AGM. They play golf together; they do business together. They know that Spider Resources needs a financing. Spider has contractual obligations with joint venture partners which require a financing. For those who doen't like dilution, it may be time to leave. 'nuff said.
Unfortunately I understand that there wasn't a lot said by Neil Novak and the BOD at the AGM. But I guess this is the sign of the times. They are hand-cuffed by the markets, macro economics, previous decisions, moves by other ROF juniors, and their shareholders. On the other hand, fortunately, a few interested shareholders did attend the AGM and provided input. (One particularly well-spoken shareholder provided copious amounts of input of valuable technical data and management advice.)
One final thought: it takes a brave man or woman to post here. There is every likelihood in the world that either comments or facts, which are posted, will be challenged, laughed at, or even sometimes (amazingly) supported. You probably wonder why sometimes there aren't many posts during the day. I daresay there is huge traffic in unseen PMs. (And even they, at times, find their way to the main forum boards if somebody wants to slam you.)
So keep posting. For what it's worth, I support you in efforts to speak your mind in providing feedback and information to this forum. Above all, endeavor to make it caring and charitable.
Snug