El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

Anyone doubting that johnnyboy’s nose is longer than a telephone wire, should have a gander at the 10-K coming out next week. It will document continued ecpn share dilution. Fiduciary duty would force johnnyboy to sell the concentrates in storage rather than dilute, if those concentrate were worth the $3.6 million he says they are worth. But since he is lying about the value of those concentrates and they are not worth $3.6 million but instead worth nil, he has no choice but to sell shares at low prices causing massive dilution. Not that it matters. Ecpn mining properties are worth nil. Nil/400,000,000 is about the same as nil/500,000,000