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Sunday, December 03, 2017 11:56:21 AM
There were 15 grab samples mentioned in the PR but only one sample is highlighted; grab samples are not the same as drill core. Grab samples are picked up because they look the best; subjective and non scientific. Drilling is scientific.
ACRL with only $58,000 in assets, no revenues, alongside $1.5 Million in liabilities leaves the investor with the question: where are they going to find the money to drill their Cobalt grass roots project?
Is it through equity sales at these very, very low prices, or convertible debenture which will put the stock in a downward spiral once more?
Or is this 'push'-as I suspect it is-just a 'pump and dump' exercise with millions of stock waiting to be sold to the unsuspecting?
That is my opinion.
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