Sunday Grill: (Sale of “Riley”).
Well, I only hope if a sale for “Riley”eventuates “Shareholders” are not forgotten.
“ATM Acquity” pocketed millions in profits after Shareholders contributed nearly 6 million dollars to fund it.
Therefore, if we take anything less than $10ml, then “AR” and his “Secretary”should stand down.
Why should shareholders keep copping the losses.We spent in total over $15ml at “Riley” and got SFA out of our (1) shipment. The only winners were “Canacord” and “ATM Acquity”.
Suggested ideas from the sale of “Riley” would be:
- Give $3ml back to shareholders in the form of dividends or shares.
OR
2. Do a share buy back for all the unmarketable parcel of shares under $500 worth and at the same time change the constitution that the minimum share that could be held by holders is to a value of $500.
AND
The balance of the monies used towards drilling the rest of “Jupiter” apart from the 40sqkm, to show case the real “Elephant” that “Jupiter” is.
Hence, highlighting “Jupiter” to potential off-take partners, fund managers, governments support and funding, etc. Thus bringing fruition and a speedy process, to production and supply of “Jupiter”.
This talk and explanation from “AR” about, “Small bite size pieces targeting “Jupiter” is a load of crock”.
He’s not talking to kindergarten children. His talk comes across, along the same lines of a sloth. And these words are based on this previous miss management and actions on various past projects.
The rot has to stop. We need to see actions and not hear meaningless words from the people, that the “MARKET” does not “TRUST”.
Also, what I don’t want to see is that “Jupiter” becomes a vessel to dilute the sheeet of our share registry. Hence, whatever progress made at “Jupiter” brings no value to shareholders.
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