$PSGR Hallmark indicators of Pershing´s TOTAL INC
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(Total Views: 923)
Posted On: 01/21/2018 10:50:31 AM
$PSGR Hallmark indicators of Pershing´s TOTAL INCOMPETENCE
This is the hallmark indicator of the total incompetence
of the Pershing Resources Board of Directors . . . . . .
First of all, here they are , the NON Directors :
https://www.pershingpm.com/about/board-of-directors
Any literate person reading the 2025 to 2017 PR-s
can easily conclude TOTAL INCOMPETENCE ! ! !
The Hallmark of their TOTAL INCOMPETENCE is
that the B.O.D. does not respond to accusations
of Malingering and Incompetence -- AND -- does
not correct their [lack of] action. .. Such as firing
the entire Leadership Team, including themselves.
I had a friend, deceased now, who was diagnosed
with a severe mental condition that made him act
publicly crazy. .. People would ask me, .. ¨Does he
know how crazy he sounds?¨
To which I ALWAYS RESPONDED, . . ¨ He can not
know , you see the part of him that monitors his own
behavior is also completely broken .¨
The Management Team of Pershing is not only Total-
ly Incompetent, that incompetence extends to the
part of each person that monitors their own behavior .
They are incompetent to monitor their own competence .
SAD
Until2017
https://www.pershingpm.com/about/board-of-directors
BOARD OF DIRECTORS
Stephen D. Plumb
Chairman, Treasurer & CEO
Steve Plumb is Chairman and Chief Executive Officer of Pershing Resources Company Inc. He also serves as Treasurer. Mr. Plumb is and has been responsible for the day to day functioning of the Company and its finances for the past 12 years. He has been an investor in the Company and its predecessor companies since 1997 and served as a director of MG Natural Resources from 1998 to 2001 He then re-joined the Board of Directors in 2004 and was named Chief Financial Officer. He was named CEO in 2014 upon the passing of previous CEO Daniel F. Wright and, has been involved with the Company and its activities for nearly 20 years. Mr. Plumb has been in the field of public accounting for the last 35 years, first as a sole proprietor and then as a principal in a large Lansing Michigan firm. He has been involved with taxes and consulting to all types of businesses throughout his career. Mr. Plumb is a member of the American Institute of Certified Public Accountants, Michigan Association of Public Accountants, and is a member of the State Bar of Michigan.
Joel Adams III
Director, Corporate Secretary & COO
Joel Adams is a Director and Corporate Secretary of Pershing Resources. He is also the Chief Operating Officer of the Company. Mr. Adams is responsible for day to day corporate affairs and overall operations of the Company in conjunction with Mr. Plumb’s role and as Treasurer and CEO. He is primarily focused on logistics, strategic planning and, procuring the necessary capital for the next phase of the company’s development. Mr. Adams has held sales, management and, consulting positions in the fields of fixed income trading, and financial technology over the past 30 years which, included 14 years as a licensed securities professional. Over the course of his career, Mr. Adams has built a strong knowledge base and understanding of public finance, securities regulations and, issuer compliance matters.
Mr. Adams is based in New York and Reno and, joined the Company as Head of Strategic Planning in 2014. He is on the Board of Directors and has served as Corporate Secretary since 2014. He has been an investor in Pershing Resources and, its predecessor companies, since 1988 and, served as a director of MG Natural Resources from 1993 to 1994.
Mr. Adams holds a Bachelor of Arts degree in Political Science from the University of California at Santa Barbara.
Dr. Jack Ruckman
Director
Dr. Jack Ruckman has served a variety of clients performing a variety of technical services. Dr. Ruckman has developed testing and operating equipment for precious metal ore processing and recovery, such as gold beneficiation equipment, metal separation systems, rapid dissolution system for precious metals, gold recovery systems and related analytical equipment
Stephen V. Savran, M.D
Director
Dr. Stephen Savran has been involved in the Marcos Project since 1989. Dr. Savran was instrumental in procuring the capital necessary to begin drilling, core sampling and has served as an advisor to the company since 2004. We are pleased Dr. Savran has accepted a Directorship position on our Board of Directors.
David Jordan
Director
David Jordan is a business owner with more than 40 years in sales management and software development. Having founded two successful software companies, Mr. Jordan is currently the President of NetRate Systems, a company that supplies premium calculation and policy issuance systems to the Property and Casualty Insurance market. Mr. Jordan has been an investor in MG Gold and Pershing Resources since 1998.
Joseph M. Barton, Esq.
Director
Joe Barton is a San Francisco, California-based attorney. Mr. Barton advises corporations, investors, and shareholders on a broad range of legal issues and specializes in securities and antitrust law. Since beginning his career in 1997, Mr. Barton has litigated many high-profile securities and antitrust cases across the U.S. on behalf of corporate and individual clients. Cases in which Mr. Barton has been a lead attorney include HPL Technologies Securities Litigation, CBT Group PLC Securities Litigation, Rubber Chemicals Antitrust Litigation and EPDM Antitrust Litigation. Mr. Barton is a member of the California State Bar Association and is admitted to practice in the Courts for the State of California, the United States District Courts for the Central, Northern and Eastern Districts of California, and the Ninth Circuit Court of Appeals. He earned his Bachelor of Arts degree in political science from the California Polytechnic State University, San Luis Obispo and his Juris Doctor degree from Golden Gate University School of Law in San Francisco.
Neil D. Novak, B.Sc., P. Geo.
Director
Neil Novak is the Chief Executive Officer and Director of Toronto based BWR Exploration (BWR.V), formerly known as, Black Widow Resources Inc. Mr. Novak is a highly experienced professional geologist and mining executive with over 30 years of experience in the junior resource sector. He has worked as an exploration geologist throughout Canada, United States, Africa, Europe, South America, the Caribbean, China, Russia and South Pacific; but Northern Ontario, Canada is his main area of exploration focus. Mr. Novak started his career as a project geologist for an International Uranium explorer, Pancontinental Mining Ltd, working out of their Toronto exploration office until 1983. From 1983 to 1992, he headed up several small exploration teams in the Gogama area of Ontario, and was on the discovery and delineation team for the Jack Rabbit Gold deposit in Chester Township, while doing so he became involved in exploration in the western portion of the James Bay Lowlands of Northern Ontario looking for nickel, copper and gold.
In 1992, Mr. Novak was involved in the formation of Spider Resources Inc. which became a public company. Mr. Novak wrote the original qualifying report for Spider Resources, raising $2.5 million in an IPO. Spider Resources began trading on the Alberta Stock Exchange in 1993. He was an exploration consultant and then became an active board member of Spider and was Vice President Exploration from 1995 to 2003, heading up the exploration team that was responsible for several kimberlite discoveries in Ontario, Quebec and Brazil, attracting De Beers as its joint venture partner on the projects. Mr. Novak's exploration expertise convinced De Beers to form the JV with Spider to look for kimberlites further west in the James Bay Lowlands area of Northern Ontario. This JV ultimately discovered the McFaulds #1 VMS deposit. In 2003, he was appointed Chief Operating Officer of Spider and was then appointed President and CEO in 2005. Spider Resources then went on to explore the newly identified mineral rich McFaulds Lake area. From 2003 until 2010, Mr. Novak headed up the discovery teams for Spider's McFaulds VMS Deposits (Cu,Zn,Au,Ag), Noronts' MMS Eagle Deposit (Ni,Cu,Pt,Pd) as well as Noronts' Blackbird Chromite (Cr, Pt, Pd) Deposits, and Spiders' Big Daddy Chromite Deposit (Cr, Pt, Pd) collectively referred to as the Ring of Fire Deposits.
In May 2010, Spider Resources was targeted for takeover by Cliffs Natural Resources Inc.(CLF, NYSE) which was interested in the Big Daddy Chrome Deposit, which was then an advanced exploration asset of Spider Resources. After three months of negotiation, Cliffs Natural Resources made an all cash offer of $125 million, for Spider Resources. The all-cash offer was accepted by approximately 99% of Spider's shareholders in November of 2010. Spider Resources then became a wholly owned subsidiary of Cliffs Natural Resources. Mr. Novak assisted with the transition of Spider from a public company to a private subsidiary company and was then hired by Cliffs as a consultant to help monetize the non-core assets acquired by Cliffs in the takeover of Spider and other companies.
During this period, Mr. Novak purchased one of the former Spider projects from Cliffs. Using this project as an initial acquisition, he formed a new private company. Over the course of 2011, he acquired two additional exploration projects for the new company which was to be named Black Widow Resources Inc. Black Widow was headed up and funded by Mr. Novak, along with two other founding partners. By the end of 2012, the initial funds raised in the private company were spent and there was a sufficient asset base to float an initial public offering. The IPO was launched in November of 2012 and concluded in early April 2013 when Black Widow commenced trading on the TSX.V on April 4, 2013, Mr. Novak is the current President and CEO of Black Widow Resources/BWR Exploration.
Mr. Novak's experience in the junior resource sector as an exploration geologist and consultant, has led him to wider corporate opportunities. He has served as a director on several corporate boards including Noront Resources Ltd. for which he was also Vice President of Exploration, as well as the Simberi Mining Corporation, Cadillac Ventures Inc. and Renforth Resources Inc. He is currently a director of Cadillac Ventures Inc., and is also Vice President of Exploration for Hard-Rock Mineral Development Inc., a private company with projects in Mexico. He also owns and manages Nominex Ltd, a privately owned geological consulting company.
Mr. Novak has been a member of Association of Professional Geoscientists of Ontario since 2002 and a member of the Prospectors and Developers Association of Canada since 1975. He has been recognized by the Prospectors and Developers Association of Canada (PDAC), and was co-recipient of the Bill Dennis Prospector of the Year Award for 2010 for his work in the discovery of the Ring of Fire Exploration Deposits. He is also a member of the Canadian Institute of Mining and Metallurgy and has been a fellow of the Geological Association of Canada since 1979. Mr. Novak received a Bachelor of Science degree, in Earth Sciences from the University of Waterloo, Ontario, (Canada), in 1977.
This is the hallmark indicator of the total incompetence
of the Pershing Resources Board of Directors . . . . . .
First of all, here they are , the NON Directors :
https://www.pershingpm.com/about/board-of-directors
Any literate person reading the 2025 to 2017 PR-s
can easily conclude TOTAL INCOMPETENCE ! ! !
The Hallmark of their TOTAL INCOMPETENCE is
that the B.O.D. does not respond to accusations
of Malingering and Incompetence -- AND -- does
not correct their [lack of] action. .. Such as firing
the entire Leadership Team, including themselves.
I had a friend, deceased now, who was diagnosed
with a severe mental condition that made him act
publicly crazy. .. People would ask me, .. ¨Does he
know how crazy he sounds?¨
To which I ALWAYS RESPONDED, . . ¨ He can not
know , you see the part of him that monitors his own
behavior is also completely broken .¨
The Management Team of Pershing is not only Total-
ly Incompetent, that incompetence extends to the
part of each person that monitors their own behavior .
They are incompetent to monitor their own competence .
SAD
Until2017
https://www.pershingpm.com/about/board-of-directors
BOARD OF DIRECTORS
Stephen D. Plumb
Chairman, Treasurer & CEO
Steve Plumb is Chairman and Chief Executive Officer of Pershing Resources Company Inc. He also serves as Treasurer. Mr. Plumb is and has been responsible for the day to day functioning of the Company and its finances for the past 12 years. He has been an investor in the Company and its predecessor companies since 1997 and served as a director of MG Natural Resources from 1998 to 2001 He then re-joined the Board of Directors in 2004 and was named Chief Financial Officer. He was named CEO in 2014 upon the passing of previous CEO Daniel F. Wright and, has been involved with the Company and its activities for nearly 20 years. Mr. Plumb has been in the field of public accounting for the last 35 years, first as a sole proprietor and then as a principal in a large Lansing Michigan firm. He has been involved with taxes and consulting to all types of businesses throughout his career. Mr. Plumb is a member of the American Institute of Certified Public Accountants, Michigan Association of Public Accountants, and is a member of the State Bar of Michigan.
Joel Adams III
Director, Corporate Secretary & COO
Joel Adams is a Director and Corporate Secretary of Pershing Resources. He is also the Chief Operating Officer of the Company. Mr. Adams is responsible for day to day corporate affairs and overall operations of the Company in conjunction with Mr. Plumb’s role and as Treasurer and CEO. He is primarily focused on logistics, strategic planning and, procuring the necessary capital for the next phase of the company’s development. Mr. Adams has held sales, management and, consulting positions in the fields of fixed income trading, and financial technology over the past 30 years which, included 14 years as a licensed securities professional. Over the course of his career, Mr. Adams has built a strong knowledge base and understanding of public finance, securities regulations and, issuer compliance matters.
Mr. Adams is based in New York and Reno and, joined the Company as Head of Strategic Planning in 2014. He is on the Board of Directors and has served as Corporate Secretary since 2014. He has been an investor in Pershing Resources and, its predecessor companies, since 1988 and, served as a director of MG Natural Resources from 1993 to 1994.
Mr. Adams holds a Bachelor of Arts degree in Political Science from the University of California at Santa Barbara.
Dr. Jack Ruckman
Director
Dr. Jack Ruckman has served a variety of clients performing a variety of technical services. Dr. Ruckman has developed testing and operating equipment for precious metal ore processing and recovery, such as gold beneficiation equipment, metal separation systems, rapid dissolution system for precious metals, gold recovery systems and related analytical equipment
Stephen V. Savran, M.D
Director
Dr. Stephen Savran has been involved in the Marcos Project since 1989. Dr. Savran was instrumental in procuring the capital necessary to begin drilling, core sampling and has served as an advisor to the company since 2004. We are pleased Dr. Savran has accepted a Directorship position on our Board of Directors.
David Jordan
Director
David Jordan is a business owner with more than 40 years in sales management and software development. Having founded two successful software companies, Mr. Jordan is currently the President of NetRate Systems, a company that supplies premium calculation and policy issuance systems to the Property and Casualty Insurance market. Mr. Jordan has been an investor in MG Gold and Pershing Resources since 1998.
Joseph M. Barton, Esq.
Director
Joe Barton is a San Francisco, California-based attorney. Mr. Barton advises corporations, investors, and shareholders on a broad range of legal issues and specializes in securities and antitrust law. Since beginning his career in 1997, Mr. Barton has litigated many high-profile securities and antitrust cases across the U.S. on behalf of corporate and individual clients. Cases in which Mr. Barton has been a lead attorney include HPL Technologies Securities Litigation, CBT Group PLC Securities Litigation, Rubber Chemicals Antitrust Litigation and EPDM Antitrust Litigation. Mr. Barton is a member of the California State Bar Association and is admitted to practice in the Courts for the State of California, the United States District Courts for the Central, Northern and Eastern Districts of California, and the Ninth Circuit Court of Appeals. He earned his Bachelor of Arts degree in political science from the California Polytechnic State University, San Luis Obispo and his Juris Doctor degree from Golden Gate University School of Law in San Francisco.
Neil D. Novak, B.Sc., P. Geo.
Director
Neil Novak is the Chief Executive Officer and Director of Toronto based BWR Exploration (BWR.V), formerly known as, Black Widow Resources Inc. Mr. Novak is a highly experienced professional geologist and mining executive with over 30 years of experience in the junior resource sector. He has worked as an exploration geologist throughout Canada, United States, Africa, Europe, South America, the Caribbean, China, Russia and South Pacific; but Northern Ontario, Canada is his main area of exploration focus. Mr. Novak started his career as a project geologist for an International Uranium explorer, Pancontinental Mining Ltd, working out of their Toronto exploration office until 1983. From 1983 to 1992, he headed up several small exploration teams in the Gogama area of Ontario, and was on the discovery and delineation team for the Jack Rabbit Gold deposit in Chester Township, while doing so he became involved in exploration in the western portion of the James Bay Lowlands of Northern Ontario looking for nickel, copper and gold.
In 1992, Mr. Novak was involved in the formation of Spider Resources Inc. which became a public company. Mr. Novak wrote the original qualifying report for Spider Resources, raising $2.5 million in an IPO. Spider Resources began trading on the Alberta Stock Exchange in 1993. He was an exploration consultant and then became an active board member of Spider and was Vice President Exploration from 1995 to 2003, heading up the exploration team that was responsible for several kimberlite discoveries in Ontario, Quebec and Brazil, attracting De Beers as its joint venture partner on the projects. Mr. Novak's exploration expertise convinced De Beers to form the JV with Spider to look for kimberlites further west in the James Bay Lowlands area of Northern Ontario. This JV ultimately discovered the McFaulds #1 VMS deposit. In 2003, he was appointed Chief Operating Officer of Spider and was then appointed President and CEO in 2005. Spider Resources then went on to explore the newly identified mineral rich McFaulds Lake area. From 2003 until 2010, Mr. Novak headed up the discovery teams for Spider's McFaulds VMS Deposits (Cu,Zn,Au,Ag), Noronts' MMS Eagle Deposit (Ni,Cu,Pt,Pd) as well as Noronts' Blackbird Chromite (Cr, Pt, Pd) Deposits, and Spiders' Big Daddy Chromite Deposit (Cr, Pt, Pd) collectively referred to as the Ring of Fire Deposits.
In May 2010, Spider Resources was targeted for takeover by Cliffs Natural Resources Inc.(CLF, NYSE) which was interested in the Big Daddy Chrome Deposit, which was then an advanced exploration asset of Spider Resources. After three months of negotiation, Cliffs Natural Resources made an all cash offer of $125 million, for Spider Resources. The all-cash offer was accepted by approximately 99% of Spider's shareholders in November of 2010. Spider Resources then became a wholly owned subsidiary of Cliffs Natural Resources. Mr. Novak assisted with the transition of Spider from a public company to a private subsidiary company and was then hired by Cliffs as a consultant to help monetize the non-core assets acquired by Cliffs in the takeover of Spider and other companies.
During this period, Mr. Novak purchased one of the former Spider projects from Cliffs. Using this project as an initial acquisition, he formed a new private company. Over the course of 2011, he acquired two additional exploration projects for the new company which was to be named Black Widow Resources Inc. Black Widow was headed up and funded by Mr. Novak, along with two other founding partners. By the end of 2012, the initial funds raised in the private company were spent and there was a sufficient asset base to float an initial public offering. The IPO was launched in November of 2012 and concluded in early April 2013 when Black Widow commenced trading on the TSX.V on April 4, 2013, Mr. Novak is the current President and CEO of Black Widow Resources/BWR Exploration.
Mr. Novak's experience in the junior resource sector as an exploration geologist and consultant, has led him to wider corporate opportunities. He has served as a director on several corporate boards including Noront Resources Ltd. for which he was also Vice President of Exploration, as well as the Simberi Mining Corporation, Cadillac Ventures Inc. and Renforth Resources Inc. He is currently a director of Cadillac Ventures Inc., and is also Vice President of Exploration for Hard-Rock Mineral Development Inc., a private company with projects in Mexico. He also owns and manages Nominex Ltd, a privately owned geological consulting company.
Mr. Novak has been a member of Association of Professional Geoscientists of Ontario since 2002 and a member of the Prospectors and Developers Association of Canada since 1975. He has been recognized by the Prospectors and Developers Association of Canada (PDAC), and was co-recipient of the Bill Dennis Prospector of the Year Award for 2010 for his work in the discovery of the Ring of Fire Exploration Deposits. He is also a member of the Canadian Institute of Mining and Metallurgy and has been a fellow of the Geological Association of Canada since 1979. Mr. Novak received a Bachelor of Science degree, in Earth Sciences from the University of Waterloo, Ontario, (Canada), in 1977.
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