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1. What percentage of CMM does Finskiy, Scola and other directors of CMM control ?
2. If the merger fails, will there be a 'scorched earth' policy to the bridge loan - will it be removed leaving CMM with no money and hence virtually bankrupt ?
3. Why in the conference call of February 4th did Daniel Major CEO assure shareholders that January tonnage was ahead of schedule and things were in good order, when on February 8th he borrowed $800,000 in an emergency bridge loan not disclosed to the market to keep the company solvent ?
4. When will the MD&A be available to explain exactly where the cash at bank and earned income have gone between Sep 30 2010 and Feb 8th 2011 ?
5. Daniel Major has been in the employ of Finskiy and Scola since 2006. Would he like to justify the payment of 3,000,000 stock options on Jan 4th 2011, worth a profit of approx $600,000 as at today for 2 months work ?
3. What happened to all of the cash raised from the pp from December at 0.39? 40 M shares+warrants = $15 million! I thought Lamaque was fully funded and that was only 3 mo. Ago.
Why were we going to White tiger for a bridge loan on feb 8/11. We closed 2 PP's in Dec/10. One for 2.5 million ( Flow through PP ) Dec 01/10 and another for 4 million (PP) Dec 23/10. Now what did we spend the 6.5 million from end of dec/10 the end of dec to the beginning of feb/11 that we would need $800,000 from WTG Feb 8th? This is not including the any monies made during that time to keep operations going.
Was a deal to merge already in progress when you went to WTG for $800,000 in feb?
Why wasnt an NR put out for CMM going to WTG for $800,000 cash?
Question for the conference call: 1) When will there be an updated NI 43-101 available for Century? It states on company presentations from at least January 2010 up to and including February 2011 that you, “Continue aggressive data compilation at Lamaque Complex to continue to add resources and reserves”, but I see no evidence of this.
Someone should record the conference call, if possible.
Someone else should probably post highlights of the call on the blog either during the call or shortly afterwards.
Yes, the company will post a audio of the call on their website over the next couple of days, but I wouldn`t be surprised if they conveniently leaving out any conversation exchanges that they do not like.
It is extremely sad that we have to now think in this manner (and cannot trust, not even a tiny bit, these people that are suppose to be managing our hard earned investments for our benefit) but there is significant precedence to support our believe that these people cannot be trusted to manage our investments (at least, it is my belief that I cannot trust them with my investment).
Let Finsky do a PP with his precious WTG and be prepared to buy out CMM for $700M CASH OFFER. Supposedly he can make WTG whatever he wants so let him do a pp at $6/sh to raise up the $720M
= 120M WTG @ $6/sh pp = 720M
Old share: 114M, New shares = 234M (so WTG ends up with less float than merging two companies together).
CMM shareholders paid out $1.80 cash
Anybody who wants to buy WTG paper is free to do so.
The recording worked. I will forward it through (to) Carib if someone requests it here. The free Audacity software will be needed to replay this file(85Kb). RS
16 comments:
1. Why is CMM at 0.60 if the deal is worth 1.80$?
2. How do I register as a dissent shareholder to get CASH for my shares?
Questions :
1. What percentage of CMM does Finskiy, Scola and other directors of CMM control ?
2. If the merger fails, will there be a 'scorched earth' policy to the bridge loan - will it be removed leaving CMM with no money and hence virtually bankrupt ?
3. Why in the conference call of February 4th did Daniel Major CEO assure shareholders that January tonnage was ahead of schedule and things were in good order, when on February 8th he borrowed $800,000 in an emergency bridge loan not disclosed to the market to keep the company solvent ?
4. When will the MD&A be available to explain exactly where the cash at bank and earned income have gone between Sep 30 2010 and Feb 8th 2011 ?
5. Daniel Major has been in the employ of Finskiy and Scola since 2006. Would he like to justify the payment of 3,000,000 stock options on Jan 4th 2011, worth a profit of approx $600,000 as at today for 2 months work ?
3. What happened to all of the cash raised from the pp from December at 0.39? 40 M shares+warrants = $15 million! I thought Lamaque was fully funded and that was only 3 mo. Ago.
CB
Great questions, Fund Holder. If it's not convenient for you to ask those questions, I'll do it for you.
Cheers,
Uall
Why did Finsky sell/dump 30 million shares in Feb...what does "other" mean? Why didn't Finsky exercise his warrants if CMM needed a bridge loan?
I can't ask the questions, due to my status.
But I suggest you do.
Why were we going to White tiger for a bridge loan on feb 8/11. We closed 2 PP's in Dec/10. One for 2.5 million ( Flow through PP ) Dec 01/10 and another for 4 million (PP) Dec 23/10. Now what did we spend the 6.5 million from end of dec/10 the end of dec to the beginning of feb/11 that we would need $800,000 from WTG Feb 8th? This is not including the any monies made during that time to keep operations going.
Was a deal to merge already in progress when you went to WTG for $800,000 in feb?
Why wasnt an NR put out for CMM going to WTG for $800,000 cash?
Where are the drill results from last year?
Has CMM signed a lock up agreement with Peggy Kent?
Question for the conference call:
1) When will there be an updated NI 43-101 available for Century? It states on company presentations from at least January 2010 up to and including February 2011 that you, “Continue aggressive data compilation at Lamaque Complex to continue to add resources and reserves”, but I see no evidence of this.
Someone should record the conference call, if possible.
Someone else should probably post highlights of the call on the blog either during the call or shortly afterwards.
Yes, the company will post a audio of the call on their website over the next couple of days, but I wouldn`t be surprised if they conveniently leaving out any conversation exchanges that they do not like.
It is extremely sad that we have to now think in this manner (and cannot trust, not even a tiny bit, these people that are suppose to be managing our hard earned investments for our benefit) but there is significant precedence to support our believe that these people cannot be trusted to manage our investments (at least, it is my belief that I cannot trust them with my investment).
SOLUTION AS I SEE IT:
Let Finsky do a PP with his precious WTG and be prepared to buy out CMM for $700M CASH OFFER. Supposedly he can make WTG whatever he wants so let him do a pp at $6/sh to raise up the $720M
= 120M WTG @ $6/sh pp = 720M
Old share: 114M, New shares = 234M (so WTG ends up with less float than merging two companies together).
CMM shareholders paid out $1.80 cash
Anybody who wants to buy WTG paper is free to do so.
Everybody is happy.
CB
I am recording our CC, receiving it through Skype using Audacity software.
Although I have not used this software before. RS
The recording worked. I will forward it through (to) Carib if someone requests it here.
The free Audacity software will be needed to replay this file(85Kb).
RS
Thanks Ron S., your contributions are appreciated.
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