To: Jim Barker who wrote (2696 ) 2/17/1999 7:51:00 AM From: TMAZZ Read Replies (1) | Respond to of 5164
Anyone Brave enough to question Kim at the meeting, regarding some of the below concerns? Where's that Nasdaq listing? Why aren't we listed yet? Anyway from the information circular we all received for SGGNF Here are some of my Concerns: ================================================================== Page # 4 Approx. # of voting securities by Kim Hart - 5,000 shares Get real, is there something wrong here? How could Kim Hart only hold 5,000 shares. Where is the Vested interest with 5,000 shares? From the looks of it Kim's has nothing to lose but everything to gain with his options, excuse my language but this sucks! Page #8 Bottom of page# 7, stock options exercised by the directors during the financial period, as noted - 55,000 shares date of exercise Dec. 08/97 200,000 + 150,000 + 150,000 shares dated Feb. 27/98 50,000 shares date of exercise Aug. 24th, 1998 Who's the insider selling the shares? Why aren't the names of the person doing the selling not published? All this nonsense posted on the Silicon that the true believers will see the company thru. I don't see the insiders NOT selling! Page 8 #4/ Optionee was an insider at the time of grant and exercise of the option, but ceased to be an insider on June 1,1998 Who would this be ------>>> My guess ...... William Church Comments: Pg.# 3 To the knowledge of the company there are no persons owning more than 10% of the outstanding shares! When I first bought into Sungold apparently there was only 1M shares out in the public float pre-split. This would make it 3M shares. Looking at the management share of the stocks if you add page 4 & 5 Company insiders hold only 1M shares, So this would lead me to believe that just over 11M shares are out in the public float! A far cry from the 3M shares as noted above, Please clarify this if I am mistaken. Inquiry Page #5 Proposed Nomination ----->>>> Russ Murata, What associate and what benefit will Russ bring to the two projects that Sungold is currently working on? Re: South Korea, From what I read, these two projects are down the toilet. Conflict of Interest, Re: page # 7 under the section of Director's report Mr. Hart is also a director and vice-President of the Horsemen's Benevolent and Protective Associaton of British Columbia I question how Kim Hart is able to be VP of HBPA and at the same time on page# 2 under section of Director's report it reads Sungold received endorsements from the HBPA. It's a no brainer if your a VP and your a CEO of a company seeking endorsement, but at the same time it can be preceived to be a conflict of interest! Maybe my misunderstanding. Overall, There are some concerns especially when it comes to Kim not showing ownership as reflected by the # of shares he currently holds! I would think everyone would have a big problem with this. Disposing of shares and not knowing full disclosures is also of a concern. Public float, it appears we have been mislead it seems more like > 14M shares shorts could be between 1M - 3 M. Sungold has done a great Job in respect to the land deal and the location is fantastic. Only comment I have is wake up GLB look at the land deal, this seems like a great opportunity for the band. They would be fools to walk away from a such a deal. They also have shown great progress with the Richmond Downs and I am hoping they will have the lease signed by the time of the AGM as noted on page# 3 of the Director's report. Any news yet on the land lease being signed? Regards