Re: Dave
in response to
by
posted on
Jul 16, 2012 10:29PM
bob
Being the head corporate officer making decisions is one of great responsibility. Litigation has its ups and downs and is very expensive. I'm sure Dave feels pressed to answer the call of investors to teach the crooks a good lesson but as anyone knows from personal experience, if they have it, getting attorneys involved is costly with unknown results and, possibly, unknown consequences.
Who knows what Dave has done in his best efforts to address this on-going crime? I would suspect that he has weighed the outcome probabilities of getting involved with this element versus using our funds in proving up our total gold occurrence at Borden Lake and has, for the moment, decided to go for the gold. In time, as results continue to be favorable, the share price will reflect this as opposed to writing lawyer checks and, possibly, doing another secondary diluting our ownership down the road.
The Libor scandal is just getting started with thousands of law suits to follow. This is something regulators will not be able to ignore and I believe it will force them eventually to address complaints from shareholders that their wealth has bee compromised by fraudulent phantom selling schemes.
You do have a good idea in lessening potential expense to exploration companies in fighting this crime by joining forces. I don't know if Dave would be up to this or not but it's still an excellent idea. Yes, it's Dave's responsibility to safeguard us but he may have decided in our better interests that our money's utility is better served by funding the gold search as opposed to engaging in a battle that could drain our treasury with no guarantees while the drills stay idle.
It wouldn't surprise me in the days or weeks or months ahead if Dave took care of this criminal element in his own way and in his own time.