I will be voting in favor of the warrants. I know that the Company has screwed over its shareholders through a series of bad financial decisions. That is clear.
I believe that being the case is no reason to be against this proposal. The warrants will generate around $6 million which will be used for further exploration and development. It will also be used to fatten the wallets of some of the executives in the Company. I know that but, get used to it, that happens in almost all publicly traded companies.
I think that the benefits outweigh the downside. On the upside, the Company gets over $6 million dollars. Keep a good thought(sarcasm on)--if the share price stays below $.73 cents Canadian for the next 24 months, the warrants will expire worthless.
My continued belief (thus far wrong) is that the POS will dramatically increase over the years. If that is true, the warrant holders will benefit and we, the shareholders will as well, from the increased production due to the increased ability to explore for new resources.
