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Gold/Mining/Energy : Silver Bull Resources, Inc.

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To: Paul Lee who wrote (5519)5/25/2021 11:34:20 AM
From: LoneClone  Read Replies (2) of 5637
 
That's the way I read it.

Management has spent a lot of money buying the Kazakh asset and are converting most of it into a form which is currently worthless, with no indication they will ever do anything to make the shares tradable and hence worth something.

What is management thinking?? It looks to me like "Screw you, Canadian suckers".

Here is an e-mail I just sent to the company. I will let you know if I get any response. And I would encourage to also contact management for their explanation of what seems to be a betrayal of shareholders.


Hello

As a Silver Bull shareholder of long duration, right back to the MMGG.OB days, I read today's PR with disgust and dismay.

Here's how I interpret it.

"We spent a bunch of money on an asset in Kazakhstan. Now we are distributing much of that value to shareholders in a form that makes what shareholders get worthless. We do not plan to do anything which will make what we have given you worth anything, especially if you are Canadian."

Am I wrong? If so, how?


Our only hope is that this was a poorly written NR which requires further explanation.

LC
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