Kerr Mines Inc (KER)

[JimmySnoozer]

Red Flags..... Strange that KERR loaned San Gold 1.6 million dollars. San Gold is now in bankruptcy court and they owe some 90 million dollars, including the 1.6 million owed to KERR. Why would KERR loan that much money to a company that was clearly having MAJOR financial problems. Also, it turns out that the 4.3 million dollars KERR raised last fall is all gone as they just paid a debt with 5 million shares done at 7 cents. This means that KERR is broke and is going to have to do a financing. Given they paid off debt at 7 cents sets the stage for a placement with similar terms..... Something doesn't seem right with KERR..... I think the share price of KERR is going to drop...