Alkane Inc (ALKN)

[fickster0]

Hello everybody: eibbanker; Walter was heading up the search programs for three different entities two of which are now defunct and one is still in operation. The failures of the organizations were due to underfunding. Upon the discontinuance of operations Walter was able to secure the claims in Aroura's name (Walters wholly owned company). That being said I see Walter securing financing ahead of the curve so that we are not faced with a defunct company. Think about what he has done. He has organized bonds to finance operations, secured by what? NSDM has no assets other than extensive mineral claims on two continents. As far as your comment about the dilutive affect of the tranche's I agree that it puts the bond holders ahead of the shareholders but what is the alternative. The only one I see is actual dilution of the shares,that would immediately impact the shareholder value. I look at this as extrodinary in that Walter can obtain money I assune secured by the claims. How is this different than a mortage on a manufacturing company's building? The shares at this time are not being diluted now and we incure a financing expense. It does not matter who is first anyway if the search does not continue without proper resources.