Wednesday, April 18, 2007 9:30:26 AM
for somebody who professes not to be 'bashing the stock' you sound an awful lot like somebody who IS in fact 'bashing the stock'...
Your questions are reasonable, but if you dont know the answer, which you obviously dont... why dont you adopt a more reasoned tone and just ask a straight question without adding inferrences about the board mods, and the CEO...
In answer to your question, NO, if he is using shares to purchase any part of a mine claim, they will be registered shares. Shares under Rule 504 Reg D are sold through the market to generate cash, up to the amount of $1M per calendar year. The registered shares would only be allowed to be sold after the waiting period (normally 1 year) was exhausted, so they would not amount to immediate dilution.
Now, if there is anything to this plan to enter into an agreement pending regulatory approval to mine these claims starting in May, and an agreement is reached with a mining company which will then start to generate revenue, that revenue could be used in part to offset, or buy back some of those registered shares... who knows? we're not privy to the plan...
However until such time as it is PROVEN that Rick Berman is 'sketchy people' as you put it... perhaps we could give him and the board mods the benefit of the doubt...
What do you think?
Cheers, J.
In Remembrance of Joe Bresler, former C Sqn (Rhodesia) SAS, good friend, sorely missed. RIP Joe
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