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Monday, June 26, 2006 11:12:36 PM
1.)Finalization of Red Lake project is to be complete shortly.
2.)EQBM received commitment from Swiss bank to fund the Dailan project in China.
3.)Dailan project has received all necessary approvals from Chinese authorities to proceed, and short term delay from a storm earlier in month is gone. EQBM set to begin operations.
4.)All JV agreements for China, Ontario and South America have been finalized at are in EQBM's legal hands to review and be signed nearterm.
5.)EQBM received initial funding of $250K for the Red Lake project, and engineers report for the 120 drilling holes is to be out in the next couple of days. Preliminary report done on this property in April showed significant positive core samples.
6.)CEO has requested shareholders register with EQBM to combat any short selling BS.
7.)July 3rd is dday for naked shorters to come clean.
Hope this helps in your decision, IMHO, you selling for a loss is exactly what the MM's and naked short sellers want to try and keep the price down. If you track the level II-III trades, when the price starts to rise, you will see a bid well below ask for +-300 or 1000 shares, which is only $3-10 dollars. Complete BS.
I am pleased that this company has not done any fluff PR to try and bolster price. Facts are preferable, and IMHO the facts that EQBM have shown are worth investing in.
As always, my opinion only, please do your own due diligence. Not a recommendation to buy or sell.
Best Regards
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