Boardroom brawl at Mosquito Consolidated Gold Mines
A group of disgruntled shareholders wants changes on the board of directors at Vancouver junior miner Mosquito Consolidated Gold Mines Ltd. (TSX-V:MSQ).
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4 Comments
Bill
I went to a presentation, that the president of the company had, in Edmonton. He presented the picture of a property that was worldly in nature but needed cash flow that through an interested party, in China, would get this project on the go. NOT!!!! Has not happened!
We NEED a new board of directors and less than what has been proposed by the company.
Fayash
It is not a “group of disgruntled shareholders” but rather a “disgruntled employee” who wants changes on the board of directors – the current manager of operations has personal problems with management. He was entrusted to get the permitting done but he was negligent, thus delaying the permits being issued in a timely manner. And the “interested party” from China wound up duping the company and has been intent on taking over the company since he came on board. It has been an uphill battle for the current managment to deal with such incompetence and duplicity and try to get the mine up and running and the share price up. The new people who are proposed for the Board are highly respected, motivated people who are intent to clean house and turn the company around. It is hoped that, for the sake of all of us shareholders, that it is realized we cannot possibly entrust the company to such incompetent and inexperienced people as have been proposed by the dissidents.
Bill
Fayash, you have presented an interesting argument but the present management should at least notify its shareholders of the dilema. As it stands, I really do not know who to trust.
Fayash
Take a look at MSQ News Release dated 2011-12-09 And the AGM is on December 16 where the management can answer questions and provide details.