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 tomorrow. 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