So beside from confirming personal attacks, you would like to have us beleive your motives are that of a saviour ? founded upon some thinly vieled and baseless accusation of dishonesty ?
Well here's the thing:
you still have not posted anything with substance
you have confirmed your penchant for personal attacks (and bad grammar)
you and other posse members have engaged in a protracted campaign of negativity with three main pillars
remuneration levels (which is outdated info from yesteryear)
deadlines not being met (which is accurate in isolation - more below)
dilution effect of raises (which is accurate in isolation - more below)
Deadlines
during the time span that you and your friends like to quote for remuneration, these following things have needed to be dealt with:
COVID delays and shutdowns
a ban of cartage and import of high arsenic content concentrate (the same type that La Demajagua v1 was proposing)
Russia invaded Ukraine and was slapped with a whole raft of sanctions, not the least relevant is that shipping logistics companies had lost the support of their Insurers for all destined and departing Russia cargo (so which Board would take that risk of shipping uninsured valuable concentrate ?)
The Arbitration Outcome, not the anticipated nor desired result for AAU but still an award of $4m, and wrt deadlines, we are right at the point where the DR Govt was to update AAU with it's position and plan regards settlement.
Dilution Effect
Yes there has been dilution, each and every one of those issues impacting Deadlines above has meant the strategy has slipped and susbequent raises required, but aside from the conditions during issuing of the Con Note, all else was out of the control of Management and The Board.
Yes, again the selling of the Con Notes by Patras drove prices down into the Rights Issue, but the Rights Issues was open for all to partake in, it was infact the fairest approach given the situation, so no one can really take aim at those that partake, simply because they did, after all it was a Rights Entitlement. Subsequently, why would Patras Agree to a reduction in amount owed anyway ? Is it a bad thing that AAU pursued this reduction in outstanding balance payable by AAU ?
Management and The Board have pivoted strategy with the hand dealt, are you suggesting they shouldn't have ? or is it a case of more so, that with the benefit of hindsight they should have take your strategic path ?
So back to you and your posse's three pillar attack strategy, many followers may not know, but this is uncannily similar to a recipe business model that already exists. Have you already drafted up a "saviour letter" to vent your disdain despite your relatively small percentage holding that you control, that you still demand action from the Board and call for key resignations ? Will it be just a letter ?, or shall we expect continued brow beating on a personal level too ? Will there then be susbequent correspondence that will boast how the unlocking of shareholder value via whichever path you're able to persuade is good for shareholders ?. If so, don't forget to include the "fiduciary responsibiliity" catch phrase within that corrrespondence too.
Yes I am aware of this type of game plan, and if your own plan, you may wish to reconcile any intended correspondence templates with those on display over at the busienss website of Raper Capital
But to be frank, it is that strategy and approach that most will take exception with, for its opportunistic play of a company following an unexpected Arbitration outcome. (something which is a common thread amongst some of those template examples mentioned above if you read through them)
So back to you Dr Saviour, when will you be bringing anything to the table which is of value ?
There are 3 simple rules, Relevant, Recent and Reconcilable to fact checking.
Come on, go onto record and tell us which parts of this latest update from the Company themselves, just over 1 month ago in early July, is inaccurate, dishonest or not going to happen based on actual things that you know ? you won't and haven't to date !
(20min delay)