SilverMark
Member
Royal Silver CEO said:Friends:
The brochure about the Royal Silver Club that used the positive comments from Silver Stackers about our product was initially written for our shareholders. It was a private communication, explaining the concept of the Club. We showed this to our shareholders in private on last Thursday, July 7. It was not meant to stay up on the website any longer than it took for our shareholders to look at it. I just now erased the comments and posted the revised brochure, now that we are going to promote the Royal Silver Club to the public. Please understand that many of our shareholders do not follow silver forums, and I thought they might like to know that our rounds are becoming known.
I personally don't think that is any excuse. The item is being used for business promotion, regardless that it was intended for shareholders (and yet was also available publicly). Consent needs to be obtained from those people to use their posts. I respect your honesty in releasing the circumstances, but I think the most appropriate response would have been a admission of a simple mistake, and an apology to those people. I don't think anyone here would object if asked - provided the correct avenues are taken.
I'm one that likes how my cats look. Cute in a smashed crab kind of way. Looking forward to those Maccaws - look the goods!
Honestly, I'm not really convinced that those poor workers would prefer telling stories of times bonding with Brian, over the ability to provide a more liveable household for their families. Isn't them only having one light a symptom of being underpaid? I'm not intending to attack Royal Silver here - I think your philosophies, products and processes are brilliant - but it is a company with global ambitions, selling product internationally with a global market value. My very limited understanding of Bolivia is that it is relatively poor but also has a low cost of living. In Bolivia, the price of silver (given that is globally priced) to cost of living ratio would be very high compared to in the western world. Unless there is another relatively high expense factor I am unaware of (maybe taxes?) - producing silver and Bolivia and exporting with an economically efficient process should be able to provide on one extreme; high profits at the expense of low wages, or on the other; low profits and high wages and anywhere in between. Would like to see everyone elses thoughts on this. Maybe this environmentally friendly process is expensive and really only economically viable in a country with low wages at this point?