Feedback from Company on today's news...
Famous Star: Care to offer feedback to a post I just got?
Drake Gold Resources Inc. - Chairman: Sure fire away
Famous Star: I would be very careful with this stock in spite of today news. 50 million preffered shares we have no idea the conversion rate, market cap. already at $8 million and no real asset under belt. IB shows 550,000 shares available for short.
Drake Gold Resources Inc. - Chairman: they are 50 million authorized, no issued. All issues will be disclosed in filings and they only have 100-125M they can issue before reaching max authorized.
Famous Star: Ok, do you care if I pass on your contact info?
Drake Gold Resources Inc. - Chairman: Sure
Drake Gold Resources Inc. - Chairman: Clayton@DrakeGold.com or on here
Famous Star: Others are asking how the company will develop and expand assets with little stock left to authorized, this is part of your new model is it not?
Drake Gold Resources Inc. - Chairman: We will be releasing information about our business model shortly, our intention is to use our sub's to acquire assets and financing where as Drake will own a majority position which will be directly translated to the balance sheet. This way Drake doesn't have any major dilution to its equity and its value increases
Drake Gold Resources Inc. - Chairman: k
Famous Star: Also a lot of talk about GA gold exploration, will there be updates on assays or the like?
Drake Gold Resources Inc. - Chairman: Yes all in due process. We have a lot of things on the go, you will hear about them all soon enough.
Drake Gold Resources Inc. - Chairman: Have a conference call I have to attend too, stay in touch
