In a corporate structure, the shareholders are owners of the company. The board of directors are ones that work on behalf of shareholders. The management team is the one that runs the daily operations of the company.
In a junior mining company all that structure goes down the toilet. Oroco is nothing special, the shareholders are considered after the fact.
Oroco hired Torrey Hills over 3 years ago. The company has been paying a material amount as fees to Torrey Hills. I’m not sure what the purpose is of paying Torrey Hills. Torrey Hills has been doing YouTube videos to supposedly spread the Oroco and Santo Tomas story. Those YouTube videos are almost lost in the billions made and uploaded to YouTube; the views these Torrey Hills videos get are 400 at best. Oroco pays Torrey Hills $5,000 per month for their services. There seems to be one video per month that Torrey Hill has been doing for the last 3 months but it has been lot less frequent once you go beyond 3 months past.
So for $5,000 per month the company is getting less than a YouTube video per month. A video that gets about 400 views. I would argue more than half of those views are likely existing shareholders looking for updates on the company. So for the monthly fee the company is likely getting less than 200 views.
For that kind of money the company can get an incredible amount of exposure if only management was willing to look at other options.
After having paid $200,000 in fees to Torrey Hills, I doubt the shareholders have gotten much in value for what the company has paid. The shareholders as owners of the company should be frustrated to see management just spend shareholders money on projects that don’t add any value.
Unfortunately with this management team, I doubt anything will change (expect another PP so funds can be spent on Torrey Hills and other so-called “IR” projects).