UPA President
Registered
MikeJanis said:Frank, to help you quote me I am typing the questions above in red below.
It was your mandate at one time wasn't it ?
So what verification were you looking for from him ?
When was the mandate regarding the up front funds from the promoters changed?
Was there a press release about this ?
Yes, it was our mandate and a requirement. It worked for some and not for others. Unfortunately this put promoters and players at odds and it became an issue.
Mr. Hansen would not even submit a bank statement, this was cause for alarm along with a few other indications.
I cannot give you exact time of change. In the past the UPA was not very PR savvy and now we try to save PR's for items that the general industry may care to know. (Obviously this is a judgement call).
Hope this helps...