Brookmount Exploration Inc (BMXI)

[StockItOut]

I don't read the PR as conveying or suggesting a broker was utilized. I don't think so. For a broker to accept stock in lieu of payment seems off too.

As to why the new mine deal, I cannot rid the sense it simply may be to sweeten the pump, sweeten the story. 'Just bought a new mine with this much gold' is a headline grabber.

It's also occurred to me that there may be crew or even network of 'gold miners' who just swap properties as various new companies need a new asset on their books to support a cool story as means to support their promotion.

It doesn't make sense that a company with no money, just $35,000, and with gold sales that sit, year after year accumulating, as receivables now totaling around $12.7M, that it would go score yet one more property before working the two new North American mines they already have. That's spreading oneself thin, which is just fine if thin is all mngt intends anyway.

A company that has a regular Gennex note payback schedule of hundreds of thousands of dollars every several months, where without any cash profits in-hand said company likely must dilute in order to then sell this diluted stock as means to raise its own required debt servicing cash.

I was thinking the same, and agree with Cheap Stock Investor (post 11009), that CEO knew the dilution was coming and sold it as if it wasn't, but more so that CEO is taking or took advantage of excitement on the ihub board (as in part led from a non-BSer straight-up guy like Zardiw) by telling the board folks what they want to hear, riding that wave and higher and higher stock price that drew-in investors to then dump shares against.

.