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Gold/Mining/Energy : Zentek Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Canseco who wrote (15708)	4/14/2018 9:14:14 PM
From: Antlizzie	4 Recommendations Recommended By Mona3 rennie69 Threshold Zengold Read Replies (1) \| Respond to of 54373

" Quite an admission from a member of the management team." Sometimes when you catch them at the right ( honest ) moment, they say the darnedest things. If anybody should know it would be the CFO. Sometime back in the recent past, it was AE who made a comment that money was not a problem for Zenyatta. From all appearances it sure is now. But it should not be a problem. It is no secret that Zenyatta has found a one of a kind graphite deposit that should be a very profitable venture. So something is wrong and the buck stops at the top. Manipulation is a term I do not like, mostly because it is overused. I know it does happen. Most of the time it happens, I think, is when buyers are few. Management has not given them much reason to buy, have they? On the other side of a trade come the sellers. They have been reluctant to sell when the price gets too low. As noted in a recent post, try and unload. Of course, that takes buyers. It should be no secret to anyone who reads the posts here that up until today I was a fence sitter. I was waiting for information from either side about how the financial side was to be addressed. What Francis told me has helped. Now I am very interested in what Zenyatta will say as they produce information on how they will finance the project. Saying nothing will not do. That would reinforce what Francis says. It would be a clear statement they cannot do it. Some fear that Keith Richards will do the same with Zenyatta as he has done with that other company. I do not know the facts why, but the results are clear. I know we are going to face some dilution. I give AE credit that up until the present he has done an admirable job without that happening. The recent attempt to raise $1M failed. Why? I do not know the answer. But for anyone to support present management, they better find out how they plan to fund the company's brilliant future. If they will not or cannot tell you, you better come down off that fence, or get on the right side of it. About a year ago I wrote about this theme in a post when I was concerned about the financing. Watching this group take you down by going broke will have the company stolen from you. The assets will pass on to the creditors. Complacent shareholders sleeping at the switch had better get concerned. Liz

To: Canseco who wrote (15708)	4/14/2018 10:35:35 PM
From: dragon50	10 Recommendations Recommended By discern emperor gunzo Luvin_It Mister D and 5 more members Read Replies (2) \| Respond to of 54373

Which begs the same question to be repeated of why the company's current management has been unable to raise critical financing for such a long period of time. Clearly, it appears that any potential financiers either do not trust this project/Albany deposit, or the company's current CEO, or possibly both. It should be noted again, that the company's ongoing struggles to raise funds or move forward with any real progress were never communicated honestly and transparently to shareholders, including at the AGM in September 2017. Neither was the fact that basically all work had stopped at the company by that point, which likely also included Mr Jordan's work on the long-awaited metallurgical report and everything else of importance that is still required. Had all the facts been made known earlier, it now seems that the upcoming shareholder revolt/proxy vote scheduled for May 11th (which will hopefully get everyone's vote for major changes) should have actually been pre-planned and prepared over last summer in time for the September 2017 AGM. By now, new management could already have been in place and the company may have possibly been in a better position to create new relationship dynamics with the capital markets and/or attract interim financing to at least begin moving forward again. Therefore, the "cone of silence" approach from the current CEO appears to be a strategy employed mostly to conceal from shareholders the various uncomfortable realities that have unfolded, and generally stall for time whilst the company remains more or less grounded to a halt. It's certainly proven by now to be a strategy that is not to be trusted in the least and one that cannot be allowed to continue further. In addition, if the concerned shareholders' published claim is presumably true that the current CEO was more than an hour late for a planned conference call (and only offered 15 minutes of his time only to side-step tough questions), such unprofessional behaviour reflects an individual who is being evasive instead of forthright, and suggests an intent to not want to take personal and professional ownership and responsibility for the company's failures and his failures as a CEO. Back in November 2017, Mr Discern also posted in this forum a summary of an unexpected phone conversation he had with the company's current CEO in which he was told that there would be an improvement in communications with shareholders moving forward. The CEO has not been communicating anything. The company's chairman, Keith Morrison, has. The installments of Mr Keith Morrison and Mr Richards also suggest a strategic effort to further barricade and insulate himself from disappointed shareholders while simultaneously seeking outside help as a last resort. It is obvious that there was no "Plan B", and one can't help but wonder how objectively realistic his original "Plan A" actually may have been, given that we are now well into a third lost year of seeing virtually nil progress for the company. It is my sincere hope that both Mr Morrison and Mr Richards would have by now already discovered and fully recognized the limitations of the current CEO and that a replacement CEO and other personnel changes to the board are vitally necessary if there is to be any future for the company. In their March 27th news release (https://web.tmxmoney.com/article.php?newsid=6088953997179140&qm_symbol=ZEN), the wording suggested that they do. But we have obviously heard nothing regarding personnel changes or anything else since (other than a suggestion that shareholders vote "using only the green-coloured proxy"). Until the company gets stabilized and there is clarity established on a viable, financed plan forward that would be executed under the leadership of a new CEO who has the true skill set and business acumen to reach for the stars, the share price will continue to languish. As such, I have previously had several opportunities to average down my holdings (even at these daily 52-week lows) but have chosen not to do so until I see major changes and progress forward. I suspect many observers in the larger market currently on the sidelines probably feel the same. [Dragon]