David R posted on the "Truth Board": Message 31911006
"Clint does Fact Czecher ever look in the mirror in the morning? How long has Mr Duncan and group deferred their wages to keep CCB a float?
David - CCB is in a Life or Death, Yes or No, situation. A coin flip! At this point, it is a gamble. The courts will decide if CCB becomes a mine. If the answer is yes, there is no questioning the success that will follow.
This "high risk" situation has depressed the share Price to the point that a PP would require unacceptable levels of dilution. CCB management has deferred salaries in order to eliminate the dilution factor.
CCB's previous Private Placements have all met their funding goals. (How does that compare with ZEN's situation?)
If the mine gets the green light CCB believes that it will have no problem attracting sufficient funding (at a much higher SP) to pay the deferred salaries and to advance the actual development of the property.
If the mine is red lighted, it is likely the deferred pay will never be paid out.
Now let's look at ZEN's situation.
ZEN was unable to attract the funding they required to move forward. The latest PP's total failure was a humiliating embarrassment that Team Yellow may never be able to put behind them.
Why won't the end-user NDA partners who know the "true value" of ZEN's "unique" product offer some funding? (PP, Offtake or Buyout). What do they know that ZEN shareholders are not being told?
ZEN's BOD doesn't seem to care how much they dilute shareholder value. The only control on the amount of the dilution was their inability to "sell" ZEN at $0.45/share. They treat Shares for Debt as if it was a good thing.
If ZEN had been successful in raising the desired MINIMUM of a million dollars with the last PP, I have little doubt that the Co-CEOs would have bellied up to the trough.
Immediate funding is required if the promised Bulk Sample Drilling is to take place this winter. Perhaps the next PP will be at $0.35 per share with warrants at $0.45 - What if it FAILS fails like the current disaster?
If successful, it would mean dilution of ~2.86 million shares and about 1.43 million warrants for each million dollars required. TEAM YELLOW is 100% willing to ignore the dilution factor.
ZEN says they have no First Nation Problems, they say they have no metallurgy issues, and they say they have insurance that will cover any liabilities that arise from AE's lawsuit.
Given the above, if, as the flock believes, the Property and Process will yield the "best in the world" Product, the only explanation for failure to keep the corporation funded would seem to be poor management.
CCB management has deferred salaries in order to reduce/eliminate the dilution factor.
ZEN management has deferred salaries because they are BROKE and can't raise enough money to do anything more than temporarily keep the lights on.
David - If you can't see the difference, perhaps it is you who should be checking the guy in the mirror to see if he is wearing a blindfold. |
