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11/9/11

Mining PRs and the Ottotrans™, Part 49


Hey, remember this post from last week about Explor Resources (EXS.v) and how to spot a junior scam? Well those jokers at EXS.v have just released an update NR on the issue and it's up to IKN's patented Ottotrans™ to translate it for you, of course:

ROUYN-NORANDA, CANADA--(Marketwire - Nov. 9, 2011) - Explor Resources Inc. (TSX VENTURE:EXS)(PINK SHEETS:EXSFF)(FRANKFURT:E1H) announces that the Board of directors has decided, after much consideration, not to reprice the 2,650,000 stock options that were granted to directors, officers and consultants of the Company on January 28, 2010 and the 500,000 stock options that were granted to a director on May 18, 2010, repricing which was previously announced on November 1st, 2011. The price of these options remains at $0.92 per share. Consequently, this item will not be presented to the shareholders at Explor's annual and Special Meeting of shareholders to be held on December 7, 2011.

And this is what it means
ROUYN-NORANDA, CANADA--(Marketwire - Nov. 9, 2011) - Explor Resources Inc. (TSX VENTURE:EXS)(PINK SHEETS:EXSFF)(FRANKFURT:E1H) announces that the Board of directors has decided, after much abuse taken from shareholders thoroughly pissed off with our self-serving attitude, not to rip them off one more time. The price of the options we were going to reprice at a massive discount therefore remains at $0.92 per share, they haven't got a chance of running into the money and the bastards won't let us cash in. Consequently, we will no longer have the bare faced cheek to present this item to shareholders at Explor's annual and Special Meeting of shareholders to be held on December 7, 2011.

dyodd, dude