| | | I've been silent for quite some time. To set the record straight Mr. Stowe was chair of the Compensation Committee when he resigned. Judge for yourself what would drive the Chair of the Compensation Committee to resign. As for Mr. Jordan and the Met report: The Met report was never finished for one simple reason. Money went to pay for salaries and travel rather than the completion of the Met report.
One other item that is being brought up by current management is the so called lack of mining experience of the Concerned Shareholders group. One individual who is rarely mentioned is Mr. Brett Richards who will be staying on the BOD if the Concerned Shareholders are successful. Mr. Richards is a very experienced mining executive with an extensive record in mining, mergers and acquisitions, human resources with mining experience in Africa, Asia, Canada, USA, Australia, and South America. To be succinct Mr. Richards has more successful mining experience than any current member of the Zen BOD. What the three new proposed BOD members (Dube, Bosse, Wallman) bring to the table is not mining experience but successful business experience. It is the complete lack of successful business experience by the current BOD that got us into the predicament we are currently facing. (If any member of the Concerned Shareholders are reading this post I would like to suggest that Mr. Richards be appointed as the Chairman of the Board when the new group takes over.)
Mr. Stowe resigned for a good reason. Mr. Stowe saw first hand the total lack of competent business experience every time he dealt with Mr. Eveleigh. It should also be known that Mr. Eveleigh, Mr. Morrison and Mr. Whiteford have a lengthy relationship with each other, stretching back nearly 9 years. There is a murkiness to the current Zen BOD that I find somewhat offensive. This group is too cozy and much to protective of each other. The three of them are too intertwined. It is not healthy for the shareholders of Zenyatta if they remain in place. |
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