My contacts are a little more free to talk now, since
the news is out on the website.
GoldCorp is the holding company for the land.
Silver Falcon is the operating company for the mines.
Makes sense.
As far as the creditors are concerned, they have
certificates in hand. It will take quite awhile for
those certificates to be changed to free-trading shares.
If the creditors want out, then they are welcome to
leave. But based on what I have learned about the
mines, the income to Silver Falcon will be enourmous.
The creditors are in at $ .001, which is still above
the current market price. That still leaves some wiggle
room, and time before they might sell
Also, from what I have heard, it was the original
owners of the land that bought DCUT as a shell.
The original LOI morphed into a buyout of DCUT.
Pierre is just staying on as a continuation of the
management.
It is obvious that a reverse split is coming. There
was a merger with DCUT, with Silver Falcon the surviving
entity.
With 13 Million shares float, that is not that much
stock. Even with 35 million shares outstanding, the land
is worth more than the current trading price ( reverse
adjusted value? ). So, I would imagine that the price
is going higher.
