Asked and answered back in February. See below in
Post# of 7795
That's how it's not real information but just negative fluff, as usual, like 99% of all of your posts. See, if you were for real with your inquiries, you'd accept answers for questions instead of dragging them up over and over with feigned outrage. Either you would accept what was happening and be happy with the success and progress of the company or you'd realize that this company is not the one for you because they don't hold your hand properly, sell your shares and move on to greener pastures. But you don't. You continue to scour the internet and annual reports for anything that could be perceived as negative and use it to bash this company, sometimes rehashing the same old stuff over and over. I can only assume a few options for your continued efforts of misinformation:
You are being paid for your negative criticism of SFRX like Sean Murphy was;
You are trying to keep the price low so as to buy more shares and you can ride the waves and flip shares to your benefit knowing that when real news of treasure hits your drivel won't matter and you'll still come out way ahead either way; or
You have nothing better to do.
Either way, move on or move over but mainly just get out of our way! We are shareholders who want to see this company succeed and we understand that constant purposeful misinformation will not help the company, only hinder the stock price, hinder success and make Kyle's job harder than it already is.
Quote:
8K out increasing the authorized shares to 950 million. Figured they would have to at some point. Not a big deal to me at all but I'm sure it will be for some. Another issue is the 60 votes for the BOD to allow for the increase of shares. The laws have changed since the last increase of authorized shares. Previously the BOD of a company could approve an increase of shares by a simple vote. Now, an increase of shares must be approved by all shareholders. This is expensive and time consuming for the company. So while an unusual move from the BOD, it was the best move for the company. And legal.
Of course, who knows what the BOD could do with all that newfound power. They might even vote to actually start PAYING Kyle to run the company since he's been working for FREE for, what, seven years now?. Oh wait, they could already do that. Kyle wouldn't let them anyway. He gets paid when we all get paid. Again, not a big deal for me, but might be for some. Looks to me like KK will do whatever it takes to get this company to treasure.
If you think Kyle has done a terrible job running the company in the past and has used his position to benefit himself somehow, this new BOD vote would be a red flag. As it is, Kyle Kennedy has managed to keep this company going against all odds, where all others have failed and he has made steady progress with multiple permits from the state, a turnover of state employees who were anti-treasure, collection of one of the finest crews in the industry and jumping over more obstacles than you could imagine created by an industry that was forced underground due to a lack of cooperation from the state permitting entity. Let's face it, KK is turning this industry inside out and restructuring it to work WITH the state instead of AGAINST it. I equate it to investing in Anheuser-Busch at the end of prohibition – if the owners of AB worked for free and purchased their own stock. You get the idea.
Anyway, I had to put my 2 cents in. At least as I understand it. Could be completely wrong.