so what is it that we really have here?
A junior uranium play. what does that mean?
1. no proven reserves, have some mineral leases though.
2. no capital
3. share count going up fast, up to 35 mm at year end
4. paid out $6 million in stock based compensation in 2006. WOW
5. no revenues in 2006
6. $14 mm in expenses in 2006
7. a company that will continue to dilute current shareholders due to cash needs
8. Lots of warrants, 5 million, further diluting shareholders
9. management issuing shares to themselves and a consultant at 33 cents per share
10. paying PR guys, eg stock promoters, with lots of low priced stock.
11. options, 4 million, going to everyone invoved with the company.
12. COO getting $10,000 cash per month and a $130,000 bonus
