Beyondhelp,
These are the questions asked in the email I sent. This email was sent to a gmail address that I am assured belongs to Lori, and appeared genuine.
To date there has been no reply, and no send reject response, so I conclude that it has arrived becasue it has not been returned with a delivery failure.
The tone was friendly and conciliatory throughout.
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Lori,
As a shareholder I would like to know:
- Is St. Elias Mines still a registered company?
- If yes:
- The current financial state of the company
- Any negative working capital amounts, and to whom is that money owed?
- A list of current licences held, and their standing.
- A list of licences divested, when, and to whom, and at what price?
- List any other assets held, and their current value.
- List any subsidiaries owned
Vision
We then need to know your vision for moving forward and creating shareholder value.
I would also like to know:
- Will it be possible to finance and resume operations?
- if yes:
- The next proposed steps project wise. (I.E. Re-drill Tesoro? Or acquire a new project?
- How much money needs to be raised initially?
- Will any money raised be utilized to pay off existng debts? If so, how much, and to whom?
- What else will the money be used for? ( I.E. Drilling? buying a project?)
- What percentage of money raised will be put into the ground?
- How many shares do you propose to issue, and to whom?
- At what price will these shares be issued?
- Will management convert debt owed to themselves to equity, and if so, at what price?
- Will new directors be appointed or elected?
- What percentage of funds will be used in promotional efforts including travel?
Answering these questions may enable a bridge to be built, otherwise it's hard to see how the current impasse can ever be resolved.
Best regards,
SLI shareholder.
