Who know if it matters at all?? OTC stocks go up just like index stocks. I think this allows that #$%$ Hayes to leach more money from shareholders in the end. Without the R/S he has little opportunity for it.
Only these idiots would put out a press release over the PR Newswire saying they don't have the votes. You rarely get an update on anything happening with the company, but you certainly want to majorly publicize this???!!! The PR firm should be fired and that joker Hayes tarred and feathered.
I bought 1/2 of my position today and will wait until Wednesday for the other half.
Why? Gold is bottoming and will go higher regardless of the Fed decision. We may see it go a little lower as a kneed jerk reaction on rates going up, but rates are no going anywhere and may have to go back down rather quickly.
The equities market cycle is ending and so is the uncertainty regarding interest rates.
Is it incompetence or does he know exactly what he's doing? Can they be so off base with the value of the patents. Does it serve him better to keep issuing shares and paying his salary? It seems to me that their is no consideration whatsoever for shareholders and the board is also liable. They should all go to prison.