Correct,Sir!-Everyone:Read-JessieJames's-XLNT-DD-Summary-Posts from Today+Yesterday-AGAIN+ As Often as Need be, he pulls together much info from the recent filings/8K's and News, and I added to it in my post today, however we have (with Beer$ and others) covered all in detail many times.
Many keep asking the same things over and over, so he compiled the DD in one place but couldn't put in everything, he covered the D shares though:
D SHARES ARE TO BE SOLD FOR FUNDING TO BIG INVESTORS WITH ROYALTIES AND INTEREST, ALL PERFERRED SHARES CANT BE SOLD FOR 6 MONTHS, 1.00 PER D SHARE 4,600,000 SHARES TO ISSUE, WHICH MEANS D SHARES WONT BE SOLD UNTIL THE STOCK HITS OVER 1.00 PER SHARE, SO 55% OF SHARES WILL BE LOCKED UP TO 1.00 MINIMUM... THEY ARE NOT TOUCHING COMMON SHARES FOR MONEY, THEY ARE USING PERFERRED SHARES TO FINANCE NOW. GREAT NEWS FOR COMMON SHARE HOLDERS.
FYI this is a common strategy, selling Restricted shares to "qualified investors" in min. $25K portions, but this plan sweetens the deal for the D investors while at the same time, guaranteeing no dilution for 6 mos. AND then only if the price reaches a certain min.: win-win, very well done.
The closer you look the better the company and management look and are IMHO.
We will hear more detail in the PR's and filings which will start coming regularly: just look at how many filings since Dec.-Jan., then there was a brief pause while we were promised more filings and news very soon, as soon as the accountants and lawyers could give approval:
we duly got 2 more recent 8K's and news...
we're at showtime now. During that period MUCH (good for CEGX) was happening that had to be worked through first: they do the work then announce. (Unlike some, like mm-x which shot up on grandiose "plans" with "subject to funding" and "restructuring" bla-bla, and now people are realizing that.)
