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Alias Born | 10/25/2020 |
Thursday, August 10, 2023 11:23:53 AM
There are some unrestricted shares being sold but these are old certs that have nothing to do with present investors and management. The recent effort by the BoD to round up and cancel dead shares caused this influx of old cert holders selling, just by reminding them that their certs carry value. Efforts to engage these old certholders will allow these to be sold off market at a more favorable price than a broker-faciliated sale, while preserving value for the stock for present shareholders. a Win Win.
Meanwhile the Board just announced a $1,000,000 contribution of their own funds to the effort of purchasing old certholder shares. This is done preserving the funding needed to continue operations in mine development and technology development for the forseeable future. Recent correspondence with management on other platforms (like Twitter https://twitter.com/SeanRaeZalewski , https://twitter.com/SDRCMINING) show the company is firing on all cylinders towards a breakthrough while mining season is in play. Yearly shareholders' live meeting is drawing closer.
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