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  4. Pershing Resources Company Inc. (PSGR) Message Board

I understand your exuberance (lol)...don't forget

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Post# of 1537
Posted On: 02/13/2015 2:58:34 PM
Posted By: Hill411
Re: Until2017 #23
I understand your exuberance (lol)...don't forget that I have stated I have had this stock for almost 15 years. ANY suspected positives creates an atmosphere of excitement. I remain on an even keel...I have gone through many iterations of change with this stock. On several occasions I had convinced myself that successful mining operations were just a month or two away. You are correct that a strong and experienced management team is an absolute requirement for this operation to be successful. I remain curious about the financial restitution, operational controls, and 'hands-on' requirements for the Board Members. I sat on several Boards in the past...was reimbursed for travel, etc but was NOT a paid employee. Board meetings were more focused on what COULD be done with the current resources not what WOULD be accomplished. So question #1 is where is the money comjng from? Question #2 is will the Board Members have operational control OR serve as Agents to establish a Business Partnership/JV? Question #3 is if they become 'hands-on employees' what controls do the stock holders maintain to keep them from completely gutting the finances by paying themselves astronomical salaries and extending unlimited expense accounts to themselves? Yes, I am still skeptical after so many years and Yes I truly want this operation to be successful so ALL of us can make a few bucks. Quite frankly, there has to be someone or several someones with very deep pockets to get this operation going and successful. I remain commited to seeing this through to the end BUT I will still retain a healthy amount of skepticism...too many disappointments with it in the past.


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