RE: Lawsuit Against Officers and Directors of CLL and John Snape
Have heard that a major lawsuit will be filed against everyone who was an officer or director of CLL since April 1, 1996 and a separate lawsuit will be filed against John Snape, if this deal is not cancelled ASAP.
Apparently, Brad Wilson is an old friend of former officers and directors and was brought in to give everyone a six month getaway.
Unfortunately, rather than releasing material information regarding the Pemon that might have made an investment in the company attractive or a Rights Offering possible, he (Wilson) suppressed the fact that this is a huge diamond and gold play and with little investment, a profitably producing mine.
Playing it straight would have been simple. Instead, they decided to take one huge final bite out of CLL shareholders.
It is amazing that they thought they could get away with defrauding CLL investors one final time.
I received an email message from John Snape in early April last year. He admitted that CLL management was not competant and were not acting in the shareholder's best interest. He also mentioned that the IR's were somewhat less than truthful.
After I received this, he continued to urge forum members to buy the stock and not sell and he continued to present the image that management was competant and acting in shareholder's best interest.
I never posted Snape's email to the forum. Instead, I let enough people know of what he had done and even alluded to the fact that he was less than truthful on the forum.
One final message to former and present officers and directors of CLL and John Snape:
Cancel this deal ASAP, release all positive information on the Pemon property and seek the advice of ANZ, your JV partner in Toronto, of which an Alberta or Toronto firm might execute a Rights Offering based on the release of all relevant material information on the Pemon.
If you act quickly, you will avoid civil and, possibly, criminal prosecution!
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