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Previous management lost 48 big ones ........... and how much...

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chumpinater

698 Posts.

11

04/12/14

10:35

Post #: 14406012
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Originally posted by katy28 ↑

I sent an email just after those 30M shares got dumped - was along the lines of asking
if they knew why, then asked how long they thought the $1.6M cash would last paying their
Corporate wages & how much work they were doing in actively looking for opportunities
or had they already packed up for the year & were sitting by the phone waiting for calls
inbetween their lunches out while us broke Shareholders waited around to recoup some money
back etc. With the 'attitude' I expressed I suppose I was lucky to get any response back at all & could be why he is a bit condescending in his reply back to me - but you decide...

Reply from BKP:

We are all disappointed with the current market conditions, falling Oil, Iron Ore, Gold and other commodity prices and lack of confidence by the buyers of junior stocks.

Yesterdays sales were started by one seller of 15m shares which was followed by some 15m
shares being bought. We expect to release an announcement today which required approval fromour joint venture partners.

We understand your frustration but do not think we deserve your personal criticism as in
fact we are some of the biggest shareholders in the company and always work for the benefit of all shareholders which includes ourselves.

We certainly are sorry for your current financial position, but some would say that you are fortunate to be able to buy and hold shares, whilst being in that position.

We could easily accept a number of proposals put to us but I doubt you would be very happy
with the net results of your shares being consolidated in a severe fashion and over paying
for assets which will only increase the number of shares in the company thereby diluting
your shares further.

You can be assured we are working for all shareholders with the value of our own share beingconsidered at all times as well.

As always I will be working over the Xmas and New Year period as I do now for 10 - 11 hours per day and some 8-10 hours on weekends so I take your criticism personally.

Once again we are sorry for the current position but we resurrected Baraka from receivershipand raised its share price to 3c at its peak from its .2 of a cent relisting price so we
believe we have done a good job for the most of our shareholders under our management,
bearing in mind the previous management lost $48m in 4 years before we saved it.

I hope you have a comfortable and happy Xmas whilst remembering that regardless of how
difficult our personal lives are at certain times, there are always others suffering more
and worse off.
Collin Vost
Chairman

Expand

Previous management lost 48 big ones ........... and how much have you and your merry men lost for shareholders buddy????????????
"others suffering more and worse off " Pleeaaasse give me a bucket i need to throw up.
The only bonus here for SH is the shareprice carnt go any lower. OH yes it can - in administration.

Damn glad i got out at 1.5 , and do know what Vosty , it wasnt all that long ago.

cheers

BKP Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.0¢		Change 0.002(7.14%)		Mkt cap ! $17.34M

Open	High	Low	Value	Volume
2.7¢	3.0¢	2.7¢	$41.17K	1.412M

Buyers (Bids)

No.	Vol.	Price($)
2	384482	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	102217	2

View Market Depth

No.	Vol.	Price($)
2	384482	0.029
3	1095094	0.028
4	1168607	0.027
1	1000000	0.026
3	2435000	0.025

Price($)	Vol.	No.
0.031	102217	2
0.032	233250	2
0.033	196820	1
0.034	400000	1
0.036	50000	1

Last trade - 15.50pm 26/07/2024 (20 minute delay)

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Previous management lost 48 big ones ........... and how much...

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