Saturday, March 23, 2013

Long Knives out for J. Frank Callaghan - ReDux III

3 weeks to go before the long delayed and much anticipated Barkerville Gold (BGM.v) AGM and the pooh is getting hot and heavy on sedar. http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005589

Along with the brand spanking new "Advance Notice Policy" J. Frank also has a "Code of conduct" for the appreciative masses as well. If J.Frank has failed to turn over any rocks before the throwing we certainly can't imagine what they are.

What would be ultra interesting would be for J. Frank to repeat the horrific conduct of grossly entrenched St Elias (SLI.v) management types. Surely the man must be wondering. If Lori Doodle and her gang of ethical rejects can dissallow 91% of the dissident votes at the AGM with no consequences whatever why can't he?


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J. Frank has followed the footsteps of our SLI.v management types and has announced the board approved an "ADVANCED NOTICE POLICY"

The imposition of a swack of arcane terms and conditions can only assist entrenched types stay that way, certainly not the opposite. Will the BGM.v annual meeting become degraded to the horrid SLI levels? Only the shadow knows but the table is set for some too interesting fireworks, again.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBGM-2041106&symbol=BGM®ion=C
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Barkerville Resolves Shareholder Petition respecting AGM and Pours Gold Bar

"Vancouver, BC -- Barkerville Gold Mines Ltd. ("Barkerville" or the "Company") wishes to announce that the parties have recently reached an agreement (the "Agreement") to resolve the previously filed petition (the "Petition") in the Supreme Court of British Columbia ..."

1. the Company's Meeting for the year 2012 will be held at 1500 -- 1055 West Georgia Street, Vancouver, British Columbia, at 10:00 am on Tuesday, April 16, 2013, as previously called by the Company, in accordance with all applicable laws."
J. Frank thought it best to semi-cooperate with the naysayers whilst throwing a bone to the howling wolves in the form of a gold bar that for damn sure cost far more to produce than its worth. Thats what we call Venture promotion 101 and anything less from a man with the pedigree of J. Frank would be disappointing. Take a bow Sir ... arsesome poohery. (And do we know of another Venture DitzBag that OUGHT to be taking notes?)

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Mr. Callaghan's severely hornet stung pee pee got some more bad news yesterday as major stakeholders are lining up with the massive unmitigated cajones to demand a, gasp, AGM.

"Barkerville Gold Mines Ltd. and its president, Frank Callaghan, are facing an action in the Supreme Court of British Columbia from a shareholder who wants the company to hold its annual general meeting and wants to install three new directors. Rex Harbour, who owns 7.1 million Barkerville shares, says the company has not held an AGM since Aug. 26, 2011. He says that the meeting is long overdue, especially given the company's precarious financial condition, and he is asking the courts to compel the company to hold the AGM."

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBGM-2023322&symbol=BGM®ion=C
J. Frank best be treading carefully because the opposition includes former Placer Dome Inc. president Mr. Peter Tomsett.

Story on the side is the fact J. Frank recently dug into his piggy bank to finance (through a debenture - Hardy Har) the rush to produce a REAL 43-101. On the other hand we have the opposition saying J. Frank has "received $7-million in compensation over the past 18 months, either directly or through a drilling company he controls".

(Forget 18 months, J. Frank's drilling company has been grossly and ridiculously profitable for 20 years+.)