Re: From the MD&A
in response to
by
posted on
Oct 02, 2013 04:46PM
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
Molson, this appears to be a misleading statement to me. In the news release below, it states that Robert Krause was elected on Dec 27TH, not appointed in May 2013. Also, remember that at the AGM, Tina told Robert that he was allowed into the meeting, because he was a director.
A company can always go into to SEDAR and change documents or correct statements at a later date, but there has to be a documentation filed that they took this action. So, for every correction made on a SEDAR document, there is a supporting file. The problem that arises with this type of action is, if there were misrepresentations in SEDAR documents filed, the shareholders never know what was misrepresented and what was ever corrected, because there is no transparency and we never see any news releases to this effect. I know I, and I believe others, that review SLI SEDAR docs, seem to have seen things changed over time. If so, the period of time that lapses between what may be a misrepresentation until its corrected, is a misleading time, and upon correction, the public is not notified, so the misleading/misrepresentation actually continues, even though it was corrected. For example; it may state in a financials, that a good property was let go, the shareholder/reader upon reading this, may decide he will sell his shares, it may have been a mistake in the financials and later corrected, but where it is not announced publicly or specified to the public, the shareholder may have sold his shares for no reason because of the misrepresentation. In a situation like ours, with undue SP pressure, this only contributes to the SP pressure, where it is actually unfounded.
Here is the news release excerpt below, with the election part bolded.
St. Elias Seeks to Move Company Forward and Engage Dissidents
Vancouver, January 17, 2013: St. Elias Mines (SLI-TSX-V) announced that it has received the final Scrutineer’s Report from the Annual General and Special Meeting of security holders of St. Elias Mines Ltd. held on December 27, 2012 (the “Meeting”).
The report confirms that the motion to amend the Company’s Articles was approved, that the number of directors was set at 5 and that Lori McClenahan, Tina Whyte, Donald Bastien, Paul McDonald and Robert Krause were elected as Directors.