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Joe Martin, Eric Coffin, and Don Mosher chat about the Venture Company Association meeting

Big Al
June 20, 2013

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Discussion
1 Comment
    Jun 20, 2013 20:55 AM

    Yeah, sure guys. Maybe you your memories are dim and you all forgot about Bre-X which was the single largest fraud in mining history. Worst in Canadian history too and in all the annals of record too on how a penny stock could run to 280 bucks and then collapse into a stinking pile of crap overnight. Bye Bye pension funds and billions of investor dollars. You think it is overregulated now after that sucker slipped through the nets? Please give me a break!!!! It has not been forgotten I assure you. But hey, I can’t blame you all for coming and crying now about there being too much regulation and not enough money but give a little nod to the real reason the exploration business was cratered and most of the Juniors business was folded up and shipped off to the new venture exchange. Remember the Matkin report (pre Bre-X)? Here is a quote that will ring a bell. He wrote that the old VSE was just a market of “shams, swindles and market manipulations”. I mean seriously, some of the guys there are still paying the price of the shenanigans of the past and plenty of ink has been spilled over the years discussing all the ins and outs. So lets take a breather on all the rhetoric about too much government regulations please and how hard it is to raise capital. All bullshit and I should know. The new regs were designed to squeeze out the fly by nights and the cheaters and so far it is working well. If you guys can’t raise capital now it just means you have nothing and the public will not be fooled twice.