El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

git, they can't come up with enough inquart to fake significant production. That's why they haven't had significant production to date and why they will need excuses for no significant production in the future. I have already posted the probable excuses they will use.

So why did they cancel the river north equity financing? Because they have lined up some investors to take private placements or lend $ convertible to shares.

They did not need to cancel River North, they could have just stopped using it. The made a point of cancelling it to fool investors into thinking they did not need to continue the massive dilution. They may have secured a slightly better deal with the private investors than they had with river north, but massive dilution will continue.500,000,000 shares outstanding coming up soon!