Spending Money At Lookout Mountain Instead Of Conserving Cash
Careless spending by management now has TLR investors wondering how TLR will
be their bills. Once again management screws up. Permit needed to be in hand before
advancing Lookout Mountain. CEO should step down. His carelessness with investors money
will continue if he stays.
Its good that TLR management came to their senses and cut all ties with Dennis Weasel and his crony Troy Fierro. They deliberately had management sign the no shop exclusivity agreement so that they could renig and try to pull the rug out and steal our assets. NOT HAPPENING.
Keep your eye on the ball. Permits are IMMINENT.
Management will obtain financing.
Dennis Weasel and his cronies WILL NOY steal our assets.
What? Dennis was the one cutting the ties. You act like TLR has money. You have no ideal
what your talking about. Wheeler was going to pay 20c and now we are at 13c. How good is this? Who's
going to pay 20c now at 13c? If they dilute below 10c then you will see the real picture. No matter what
happens, TLR needs cash and they need it right now with NYSE busting their balls. The only one Stealing IMO is management.
I voiced my opinion on another site directly to TLR about their spending. Seems like I seen on
the 10k where one of management members are making money off of Lookout Mountain by hiring
their own personal company to do work there. I must say that this management has dismantled
shareholders value while lining their own pockets. Now we wait on another possible terrible financing
deal by management.
Its pretty obvious by now what the CEO has been doing. First transfer out the good asset like the mining engineering operation, then let his friend get out of the joint venture by diluting shares. Then dilute more shares by spending the the reserve capital on lookout obviously the money when into someone poacket. All this look like they have no plan to go live with the permit but using the carrot of cheap share placement to lure more suckers in while they transfer the cash out.
Wasted $450K on shares of Daycon where the CEO sits on their BOD. What did
TLR investors get out of that deal other then losing $450K? That $450 would look good right now on
the their balance sheet. The CEO sitting on their BOD should be questioned. imo