InvestorsHub Logo
Followers 2
Posts 177
Boards Moderated 0
Alias Born 03/02/2007

Re: None

Wednesday, 12/05/2007 12:54:31 PM

Wednesday, December 05, 2007 12:54:31 PM

Post# of 38879
Just a WAG, but I believe .. ..

Ken Lamb has issued 53 million shares, added to the 355,320 after the split. I noticed before Thanksgiving that we had three days of high volume of near or over 300,000 shares. At that time I new it was impossible without Ken operating his printing press. I'll bet he used 50 million shares to satisfy his letter of intent to go 50-50 on the uranium property profits, and another 3 million which he has been selling on the open market to satisfy his day to day expenses. In either case it suggests that all of the MGMX shareholders now have a diluted share in BWNR, approximately 1/150. Even though the company may be worth more than before with this uranium acquisition (which remains to be proven),it signifys that what we held after the New shares were issued, were worth "diddely". Therefore I have liquidated all of my BWNR shares and do not wish to play the ups and downs of this stock. I wish you all LUCK and happiness during this upcoming holiday season. You have been an interesting group in my life. I may drop by once in a while to say hello, GLTA, Sam.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.