Look closely at Mines Management's finances

Respectfully, I would invite The Western News readership to log on to Mines Management’s website and search for a news release that says “Mines Management Corrects the Record Regarding Montanore Litigation”

After reading the news release, then go on the Montana Supreme Court website and locate the justices’ decision in those legal proceedings. Follow the link titled “Opinion - Published - Justice Rice - Affirmed” and go to the right side and hold your cursor over “document,” and a tab saying “94681.pdf” will pop out.

Once you have read those two documents, you will see a huge difference between what Mines Management says about the lawsuit and what the justices decided.

There is a lot more to this story to come. Dobbs and his son thought Arnold Bakie, Louise Voves and their family were irrelevant because they were common folks. Dobbs would likely think that about anyone who disagrees with him, but in the end the truth comes out.

For Mines Mangement stockholders, “you can fool some of the people some of the time, but you can’t fool all the people all the time.”

Dobbs recently got $3.6 million using the “Full Ratchet Anti-Dilution Provision” - a diluted stock “hard money” loan.Desperate people, desperate things.

After the fact, Dobbs is holding a special meeting of shareholders at Mines Management’s corporate office in Spokane. The company’s directors will be there, along with me and a few others. The business will be brief, with a choreographed cadence to open and close it with due haste.

Dobbs must consider himself relevant because he needed this financing to pay his salary, plus enhanced stock and options of 2,525,631 shares at 8.32 percent. He earned $736,800 in 2011, $436,000 in 2012 and $455,000 in 2013.

Douglas Dobbs’ salary was $496,000 in 2011, $252,000 in 2012 and $291,000 in 2013.

My source is SEC filing Schedule 14A (page 14 - 23 “Executive Compensation”) on April 30, 2014.

The Dobbses have huge severance compensation packages of $1,156,198 and $718,198, respectively, if the control of the Montanore Mine would change hands.

Now, to check my facts, go back to Mines Management’s website, look in the investor relations portal and click on “SEC Filings.”

My question is: Will the mine be controlled by foreign interests? Or will it be Optima? Or maybe another good mining company?

Who’s truly relevant: the Dobbs boys or Louise, Arnold and the rest of us?

- Frank Wall is a litigant in a lawsuit againt Mines Management.