Oh my. He's rather good at this game, is he not?
*Oops, raised a few hackles with that error. Apparently people up there think the whole world should know the difference between this-or-that minor regional borderline. Oh well...
It goes like this:
Thanks due to reader JS for the memory jog earlier today.
You and I do not know one another but I thought I should take a few minutes and respond to the recent communication and comments you have made regarding Curis and our decision to launch legal action against the poster “Ering” who has been recently commenting on us on Stockhouse. I serve as the CEO of Curis and was responsible for taking the company public in 2010 and guiding the development of the company over the past 2 +years.
I do not normally engage in blog chatter because I don’t have the time and do not see it creating much in the way of shareholder value which, of course, is what I am paid to do.
So you are clear on our motivations to take “ErinG” to task in this action, I would like to provide the following context for you. Hopefully you will take the time to read this.
Curis, still a private company at the time, purchased the Florence Copper property in December of 2009. I took over as President of the company in March of 2010.
One of my first activities as the new President was to travel to the site, meet with local stakeholders and to get a sense and appreciation of the setting we were going to be operating in. My early conversations with the Town of Florence and our neighbors to the project were very positive and supportive. It was on this basis that we started to move forward with planning, permitting and early development of our project.
In May of 2010, 4, 000 + acres of land around us was sold to an investment group from San Diego and New York.
It was shortly after this land neighboring us changed hands that the tenor within the area began to change.
I will not bore you with all the details but since then, several well financed corporate interests have launched an intense and well-funded public relations campaign against our company and the project. Their apparent reason for opposing the project: they believe our development would impact their ability to build residential homes on their neighboring property. I might point out that building new homes in central Arizona, when foreclosures rather than building permits are the norm, is not really a viable proposal according to most commentators today. We believe there is no basis for their claims that our project would in any way harm property values and in fact all of our independent assessment work, the work of the regulatory agencies and others confirm the project is safe, would both provide significant new taxes, jobs and revenue to the area and actually attract new residents to the community and thus support the housing market.
The campaign launched by these interests has led to a lot of misinformation and misunderstandings locally and in the investment community.
LINK TO ERING:Now as a long time commentator and professional who is knowledgeable of the mining industry and junior public companies you will know that many opponents of our industry, be it NGO’s, or competing corporate or private interests, have figured out that one the vulnerabilities of public companies is misinformation leading to misperceptions of events or facts in the public market place. And, for some, one of the ways in which groups have acted to negatively impact share price is to go on the blogs and sites like Stockhouse and spread misinformation. This can create confusion with investors and can negatively impact share price.
In referring to the tactics of Curis targeting its bashers….I would ask you this:
- If you believed your own company was under attack by interests who are benefitting from spreading misinformation would you want to do something about it?
We do not know who ErinG is, but through this recent legal action we will hopefully be able to find out.
- Further, if these attacks were being launched using pseudonyms and/or through third parties so they could not held accountable would you want to know who was in behind it?
Since launching this action, there have been even more anonymous posters on Stockhouse saying all sorts of things about us. Indeed, this has been going on for the last year. We ignore most of them and do not complain to anyone about it. However, when something is posted that is as egregious as what ErinG was saying we felt we had to act.
In the case we are pursuing, ErinG stated that our permit applications had been rejected when in reality we expect to receive our State and federal permits soon and any suggestions that they had been rejected are false and misleading. In cases like this, we felt we had to act to protect our interests and, ultimately, our shareholders. You may disagree with this approach and I am sure others will as well. However, with what information we had in front of us at the time, we felt it was necessary.
We will manage our opponents going forward through whatever means we can and have always tried to take the high road in our dealings with the public. We did not seek adversaries here but in the end you have to deal with the cards you are dealt as best you can. The company is now full financed for the first phase of development, our permits will hopefully be in hand in the very near term and we are advancing the project forward despite very weak public markets. Ultimately we will be judged by our ability to execute this development in a timely manner and hopefully this “noise” will soon become a memory.
In being such a vocal critic of Curis, without taking the time to understand the context of this case and why we have taken the action we have, I believe you are only helping those who stand to gain from using this electronic medium to do harm to public companies in our sector and, ultimately, shareholders.
Respectfully,Michael McPhiePresident and CEO
Curis Resources Ltd.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./
- Conference Call Friday, June 8, 2012 at 11am EST ( 8am PST ) -
TORONTO , June 7, 2012 /CNW/ - U.S. Silver Corporation (USA.TO) (USSIF) ("U.S. Silver") and RX Gold & Silver Inc. (RXE.V) (RXEXF) ("RX Gold") are pleased to announce the signing of a definitive agreement to combine the two companies (the "Transaction") by way of a plan of arrangement. The resulting company, to be called U.S. Silver & Gold Inc. ("U.S. Silver & Gold"), will be a well-funded, growth-oriented precious metals producer with U.S. Silver's producing Galena mine in Idaho, RX Gold's producing Drumlummon mine in Montana and U.S. Silver's Coeur re-development projects in Idaho.Continues here
- Five million, one hundred and ninety-one thousand, four hundred and ninety-nine shares
- And are worth sixteen million, eight hundred and seventy-three thousand, six hundred and sixty-five dollars. And seventy-four cents.
...the Gold/Silver Ratio (GSR):
A new Mexican billboard by ashleymadison.com, a site that helps married people arrange affairs, shows Pena Nieto with an index finger over his lips in a hushing gesture.
Next to him are the words: "Unfaithful to his family. Faithful and committed to his country."
Pena Nieto, candidate of the opposition Institutional Revolutionary Party (PRI), has said he fathered two children out of wedlock by different women while married to his first wife.
The billboard, mounted above a busy avenue in Mexico City, shows the 45-year-old with bright red lipstick on his collar. His campaign had no immediate comment on the advertisement.
|Jun 5/12||May 31/12||Cross, Robert Melvin Douglas||Indirect Ownership||Common Shares||11 - Disposition carried out privately||-1,500,000||$3.11|
Gotta love the interwebs, no?
Date Time WebPage www.google.ca — robert cross b2gold insider report #2 6 Jun 18:44:59 incakolanews.blogspot.ca/2012/05/b2gold-btoto-insider-sales-im-sorry-did.html
Curis Resources Ltd. has filed a lawsuit in the Supreme Court of British Columbia against Stockhouse user "erinG" over posts that the company sees as "defamatory and injuriously false." The posts stated that Curis had been unable to obtain an environmental permit for its flagship Florence copper project in Arizona, and that management had failed to report the rejection. The posts contributed to a drop of as much as 27 per cent in the company's price, according to the suit.
The allegations are contained in a notice of claim that Curis filed at the Vancouver courthouse on Thursday, May 31. In it, the company complains about a series of posts that appeared in May, 2012, which referred to troubles the company was having obtaining a permit from the Arizona Department of Environmental Quality.
The first post, dated May 7, stated: "Just last week, Arizona Department of Environmental Quality rejected Curis' most recent application for an APP permit. This is their second failed attempt at securing the much needed permit from ADEQ." The company says the post left readers with the false impression that the company had been twice rejected for an aquifer protection permit.
Another post, the following day, told readers that the company's permit application was missing "copious amounts of key information" and that management had failed to fully disclose all the details of the application. The post also said that a mining analyst named Brent Cook had begun "dumping the stock." Similar posts appeared again on May 24, according to the suit. Continues here
Communique of the presidency of the Congress of the Republic"Santos has committed apology of the crime of rebellion. We invoke the prosecutor Peláez to do his job"Today, during a meeting in the city of Cajamarca, the Regional President Gregorio Santos called on the people present to "throw out" the President of the Republic, Ollanta Humala Tasso, for the supposed allegation of "not having kept his word". It was, amongst other reasons, based on the three cases of three Ecuadorian Heads of State and one Bolivian Head of State deposed by acts of rebellion.The Regional Presidents, according to article 20 of the Organic Law of Regional Governments (OLRG), exercise their role by exclusive dedication, with the sole exception of the function of teacher. They are elected to carry out the tasks documented in article 21, in which is not found mention of running or participating in strike actions, as expressly prohibited in article 42 of the Constitution. Here, undoubtedly, an abuse of authority and non compliance of duty exists (articles 376 and 277 of the Penal Law).To this end, Mr. Gregorio Santos not only fails to comply with the legal duties of his role as Regional President, as documented by article 42 of the Constitution, but also and more seriously, has committed an incitement to the crime of rebellion, given that he has commended acts of sch nature that occurred in Ecuador and Bolivia to ask the Peruvian people to emulate those examples and "throw out" the President of the Republic from the position that the nation has given to him. As a consequence, he has committed the crime of apology for the crime of rebellion as documented and sanctioned in amendment 1 of article 316 of the Penal Law that sanctions such conduct with a prison sentence of no less than four (4) years and no more than six (6), a monetary fine and prohibition to exercise any public office.In the desire to safeguard democracy, the public calm and not to permit the exaltation of violence and the committing of crimes such as those mentioned, we invoke the senior prosecutor of the nation, José Peláez Bardales, to act in the manner laid out in article 159 of the Constitution and formulate the immediate penal charges to attempt to reclaim the order and civil rights in the region of Cajamarca.We, the elected Public functionaries, are those first called upon to respect the Constitutional order, democracy and the calm of our people.Lima, June 5 2012COMUNICADO DE LA PRESIDENCIA DEL CONGRESO DE LA REPÚBLICA
"Santos ha cometido apología del delito de rebelión. Invoco a fiscal Peláez a actuar de oficio"
El día de hoy, en un mitin en la ciudad de Cajamarca, el Presidente Regional Gregorio Santos, instó al pueblo a “sacar” al Presidente de la República, Ollanta Humala Tasso, por la supuesta alegación de “no haber cumplido su palabra”. Para ello, entre otras razones, se basó en los casos de tres mandatarios ecuatorianos y uno boliviano depuestos por actos de rebelión.
Los Presidentes Regionales, según lo dispone el art. 20º de la Ley Orgánica de Gobiernos Regionales (LOGR), desempeñan su cargo a dedicación exclusiva, con la sola excepción de la función docente. Son elegidos para ejercer las atribuciones previstas en el artículo 21º, en las cuales no se encuentra ejercer o participar en huelgas, como expresamente lo prohíbe el artículo 42º de la Constitución. Aquí, indudablemente, existe abuso de autoridad e incumplimiento de funciones (arts. 376º y 377º del Código Penal).
En ese sentido, el señor Gregorio Santos no sólo incumple sus funciones legales propias de su cargo de Presidente Regional, así como lo previsto por el artículo 42º de la Constitución; sino que, lo más grave, es que ha cometido apología del delito de rebelión, puesto que ha elogiado actuaciones de tal naturaleza acontecidas en Ecuador y Bolivia para instar al pueblo peruano a emular tales ejemplos y “sacar” al Presidente de la República del cargo que la Nación le ha encomendado. Por consiguiente, ha cometido el delito de apología del delito de rebelión previsto y sancionado en el inciso 1º del artículo 316º del Código Penal que sanciona tal conducta con una pena no menor de cuatro (4) años ni mayor de seis (6), multa e inhabilitación para ejercer cargo público.
En aras de salvaguardar la democracia, la tranquilidad pública y no permitir la exaltación de la violencia y la comisión de delitos como los que aquí señalo; INVOCO al Señor Fiscal de la Nación, JOSÉ PELÁEZ BARDALES, a que actúe de oficio conforme lo señala el artículo 159º de la Constitución, formulando la inmediata denuncia penal que procure reponer el orden y el Estado de Derecho en la Región de Cajamarca.
Los funcionarios públicos de elección popular somos los principalmente llamados a respetar el orden constitucional, la democracia y la tranquilidad de nuestro pueblo.
Lima, 5 de junio de 2012.
Here's a 12 month chart.
...the US Dollar index (USD) back to 2003:
1) Start by being a multimillionaire2) Listen to Porter Stansberry3) The end
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