SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: soxan who wrote (18875)5/1/1999 1:42:00 PM
From: Max Haber  Read Replies (2) of 20681
 
An opinion::::Father Gregory and dissidents won the vote tally as under the time limits stated in both proxies and verified by the transfer agents. The shareholders/owners spoke and that's the way these things go in a democracy right? WRONG

Naxos management then changed the rules. They clamed a special rule that allowed proxies that fit their agenda to be counted right up to the start of the meeting. They took another tally. Management's tactics didn't work again. The Dissident shareholders still had more votes. Game over- - - - not just yet.

Naxos management not to be out done, claimed another new rule and disallowed the dissident proxies completely.

How anyone can even give these individuals the benefit of the doubt is beyond me. It's a disgrace.

I understand further that Bob Gardner, whom a lot of individuals on this thread admire (myself included), will no longer be a director of the company. Apparently, the other directors thought his willingness to cooperate with Father Gregory a threat and had him removed as a director.

These "people" are truly amazing. Anyone thinking that they could get a fair deal from these guys had better open their eyes. Can anyone imagine a major mining company trying to do a deal with a management this dishonest? It would not happen.

It looks like lawyers are going to be the real winners here. Their token changes to the board is a smoke screen.

Naxos management is clearly telling shareholders that it is their company, and not yours.

As I was not able to attend the meeting please consider the above an opinion.

Max Haber
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News