First of all, I wish to say I agree with you with regard to how Don Farrell's actions (deliberate or otherwise) have hurt GMD and its shareholders.
I don't know Jay Taylor personally. As he is a friend of Don Farrell, I am not in the least surprised he wrote in defence/support of him.
However, JT's article, IMHO, has merit in that it describes the predatory and shorting tendencies of the brokerage houses/financing companies of the VSE, and I believe this is important, especially to newcomers trading on the VSE.
BTW, JT has also written a recommendation for GMD in December 1996. It can be found on GMD's website (http://www.gmd-res.com).
At the Mining Conference held in Vancouver (Jan. 25th & 26th), I heard opinions of sorts like:
"What a raid or heist on GMD's coffers!!! The guy (or guys) who did it couldn't have picked a better time!!! Heard da' whole damned thing got started in early December and no one blew da' whistle until end of December!!! Seems that whoever did it took advantage of da'X'mas and New Year holidays..................."
"Someone got impatient and wanted out, seeing that gold wasn't likely to make any spectacular moves anytime soon, perhaps not for at least a couple of years.............................."
"Doesn't smell good! They've gotten themselves into trouble with da' VSE. I don't think da' money will ever be returned. Truth is they don't have da' money! Not anymore!!! If I were you, forget GMD, 'cause there are safer stocks........................" And so on and so forth.
Since then, a requirement for resumption of trading was that DF and LMX had to pay back the "loans". I wonder if this is enforceable and whether the ex-directors could get back on to the GMD board in the near future?
Don Farrell has proven himself a good fund raiser for GMD. Most likely, his services will still be needed?
Your comments, please.
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