Re: The bottom line
in response to
by
posted on
Mar 30, 2020 10:31AM
Combining Classic Mineral Exploration with State of the Art Technology
"We have no finances to arrange for either a BOD vote, a shareholders meeting or anything else, so we have to have some confidence in BG, the BOD and the direction they're pursuing or we sell our stake and walk away. What other option do we have other than venting on a 2 bit message board."
Continue holding that thought if it makes you feel good. Meanwhile, is it not possible that a shareholder or angel investor could finance a recall election of the BOD? What would that cost, 10K, 20K? That's cheap compared to what some earlier shareholders have lost here, especially if he, she, they are very disappointed to have JB off the board.
Or, might not there be any possibility that a criminal investigation of some sort could force changes at the board level?
Maybe I'm grasping for straws, but I will not go accept the fatalism that you are selling.
To the second part of your sentence, I agree that this has become a 2-bit message board, but only since the management shake-up. My evidence is the drop-off in communications with shareholders, both the amount and sincerity of it outside of official press releases.
"The virus couldn't have come at a worse time for us, based on travel restrictions and site visits."
As I posted earlier, the virus is not stopping some other companies from continuing their exploration efforts. But in those cases, they are not focused entirely upon attracting partners from one particular South American country. SO, GET OFF YOUR BUTT AND DRILL, BRETT!