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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd.

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To: Ronald Russell who wrote (1985)7/9/1999 8:46:00 AM
From: pacman  Read Replies (2) of 2229
 
On the surface, the General Counsel(GC) of any Corporation acting as a Board Member represents a conflict of interest. It's just bad business. Upon resignation of any director the sitting Board of Directors must appoint a replacement.

The other side of the coin is that the people who are really running the co, representing over 9.7 million shares, probably recognized that based on the actions of the people previously involved there were too many beards for the Frenchie and the Former Prez. Can you imagine a GC recommending the issuance of 800K options to management at .50 CDN based on the company's performance. Talk about a slap in the face to people that invested in the company! Including 150K to the Dentist?!!! I wonder how many the Frenchie got through his various beards?

Hawley is a long time shareholder. Holding over 100K shares purchased at a price way above the current trading price. He is very interested in making sure this company finally creates shareholder value.
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