Re: To the board at large re: Charlie and company
in response to
by
posted on
Feb 24, 2010 08:15PM
Focused on becoming a near-term Gold Producer
With all due respect Jerry, and as a (albeit begrudgingly) hub leader, I think Charlie's questions are both good ones. Provided he conducts himself in an orderly manner, I see no reason to banish him or ridicule him for what may or not be said on another, less respectful forum.
The money Sage has to invest in Gryphon alone is more than their marketcap was before the halt. Add to that the required investment in Clavos and we have a serioud cash problem. This deal might be excellent for Sage and whoever invests the $11 million required ($9 million plus $2 million for extra resources found) but frankly I believe current shareholders will suffer immensley.
respectfully my opinion
Tibber