Well done, Razorbak. Now, the character assasination which we have witnessed on this thread is most troubling to me, both as a shareholder, and as someone who believes in fairness. Perhaps I am just old-fashioned, but words have consequences, and when people here, or people with Stockwatch, or wherever, start maligning the honesty and integrity of honorable people who are doing their best to get this vast project underway, using such words as embezzlement, scamsters, scumbags, unethical, raping of pulic companies, breech of fiduciary reponsibility, Lootfer Con, etc., I must ask myself why these people are doing this, because they are wrong. They are wrong with respect to the facts, and they are, in my opinion, guilty of what they are maliciously propagating on this thread.
Razorbak, you were given the facts by the company the other day, with respect to the loan. The bulk of these funds went to Mr.Mcleod, then CEO, at a favorable rate of interest, to protect shareholders from the exercise of options and flooding the market with paper which he would have to do to cover tax liabilities. The loan was made, I repeat, to PROTECT shareholders. How would it look to have your CEO dumping a huge volume of shares on the market because he was being squeezed by Revenue Canada? And who says it is unethical to take out a loan from your company? It is done all the time. If it is above board, there is nothing inherently wrong with this practice. To conclude otherwise is wrong or malicious.
Pluvia, Mr.Khan has stated publicly why Mr.McLeod was asked to step down..."differences in the future direction of the company." Now, here we have to read between the lines. Someone said it was his handling of the money. I will tell you what I think. John was and is an excellent engineer, but it was a mistake to appoint him to the CEO position. I think he was insensitive to the political realities of working in this part of the world, and I too have heard he was a little too liberal in the way he handled the money. The current CEO is not so encumbered. He is respected in Sudan, and is not a spendthrift. I have previously referred to the high esteem with which the current board is held by the host country. Not only have they accomplished more than Chevron in a fraction of the time and with a fraction of the money, but they have been welcomed by the people and praised for their humanitarian efforts. Hardly the actions of scamsters, scumbags, and all those other falsehoods that have been thrown around with reckless abandon on this thread. Like I say, this is either pure mischievousness or complete ignorance on the part of these mudslingers.
Finally, that hatchet job done on Trivalence by Stockwatch was as disgusting a piece of journalism as I have witnessed. If the fellow who wrote it is the one I am thinking of, he has been maligning these people for the past 2 years, ever since the days of Alexander the not so Great and his Saudi prince. Not a single share of Trivalence has been sold by insiders. The large blocks became available for public sale, and were sold by people who know nothing about mining, and probably don't even know which continent Guinea lies upon. Anyone wanting a piece of a real diamond mine would be well-advised to take a look at this gift-horse buying opportunity. I might add, Mr.Khan, Dr.Syed, et al. are also held in high esteem by the people of Guinea.
By way of closing this little soliloquy, the viscious attacks I have witnessed over the past few days surrounding this company and its officers I consider reprehensible, without foundation, and to the propagaters I will challenge you at every turn. You may fool some of the people on this thread, but not with impunity. If you engage in mindless speculation, or deliberate falsehood, I hope it will be seen for what it is. |
