Re: Considerable funds in Minera Santa Elisa
in response to
by
posted on
Jan 20, 2015 09:18PM
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
Well most certainly, thats how wind downs and bankruptcy works. If there is anything left over after creditors have been paid and any legal fees satisfied, then the shareholders get it. In almost all cases there is nothing left for shareholders in these situations. Even when long civil court battles occur, the system is designed as such, that even if any shareholders win, the legal fees eat up any funds that could have been shared by investors in most cases as well. The legal system and the regulator systems are designed just this way for a reason, which is not to reimburse shareholders, but rather to feed wealthy lawyers that are part of the system, as well as the regulators that get high paying jobs, like the heads of the BCSC and ASC, WHICH BRING HOME WELL OVER A HALF A MILLION DOLLARS salaries every year. Its all an orchestrated game that adds insult to injury.
The main point I was getting at is; that there appears to have been substantial funds in one account in which may have SAVED the properties for investors and retain the issuer status required by the TSXV. Lori, nor any director, has any defence nor excuse in this matter, if the amount was high enough to grant this security for the company and its shareholders. And again, by getting the exact dollar figure in the account, it may be more incontestable evidence.......