Friday, January 25, 2008

Va Uranium Admits-Cannot Cope with Mining Risks

“In addition, because we have limited capital, we are unable to withstand significant losses that can result from
inherent risks associated with mining, including environmental hazards, industrial accidents, flooding, interruptions
due to weather conditions and other acts of nature.”


Wow! Wow! Can you believe that?

These are Virginia Uranium's own words in their now-withdrawn Prospectus prepared by their own experts when they were considering an Initial Public Offering on the Canadian Stock Exchange!
Wow! Why in the world would any Corporation, whether Multi-National or Local, venture into such a dangerous operation without the capital and assets to "clean up what they mess up" ?

What they are saying here is:
  • If there is a disaster, they don't have the money to correct it.
  • But, let's go ahead and do this deal anyway!
  • We can have our companies declare bankruptcy and then we can walk away with our millions and billions of dollars.
  • We have built up enough "shell companies" and LLCs (Limited Liability Company) to limit any liability to us in case of a disaster.
  • The State, the County, and the Town will just have to clean it up themselves (a cleanup from the WWII days in the American West is still going on to the tune of $1,ooo,ooo,ooo-plus <BILLION> and counting).

Here is a list of the "shell companies" we currently know about (they may be others):

  1. Coles, LLC
  2. Bowen, LLC
  3. Landco
  4. Southside Cattle Company
  5. Virginia Uranium, Inc
  6. Holdco
  7. Virginia Uranium, LTD (a Canadian company)

Why in the world would any of our appointed officials and definitely any of our elected officials ever, ever, ever allow this company to do any business in our borders? SHAME, SHAME, SHAME !!!!

Do the Right Thing by Your Constituents----Ban This Business from Our State!

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