Hey Double E, quite impressive I must say.
I agree wholeheartedly that building an asset base is a great way for a start up company to become established, and as a public company, the use of shares to build a base is the nature of a public entity.
Many posts today about shares etc., so forgive me if I'm asking the same question that your 15 month summary was pertaining to, but I was wondering if you had any insight from your point of view as to what it is that the shareholders have to show for the 173 million extra shares that have been added to the float since the beginning of '07 - 2 million float to begin '07, 155 million float to end '07 (+ however many of the recently authorized new 200 million are already in the float, gagged TA, tough break on not being able to use known numbers, I'll just guess a low conservative estimate of 20 million +\-)
I'll use info from a company PR from the fall timeframe to verify what is not part of what the shareholders have to show for the extra 173 million that is in the float.
"Has John H. Beebe sold the shares he received from the acquisition of the radio stations? (February 2007 acquisition)
No. Mr. Beebe received restricted shares for the radio stations at the time of acquisition."
Cross that one off the list for what the shareholders have to show for the extra 173 million extra shares.
"Are the owners or principals of Saturday Night, LLC selling shares they received into the market? (January 2007 patented gold mine acquisition)
No. All owners and principals of Saturday Night, LLC own restricted preferred shares in the company."
Cross that one off the list for what the shareholders have to show for the extra 173 million extra shares.
"Are the owners or principals of Meridian Land & Minerals, LLC selling shares into the open market? (April 2007 Box Elder County, Utah 299 acre Land acquisition)
No. The owners and principals of Meridian Land & Minerals, LLC received restricted common shares of the company that were issued with a restrictive legend on them."
Cross that one off the list for what the shareholders have to show for the 173 million extra shares.
"Are the owners and principals of the Western U.S. Biofuel Refinery acquisition selling shares into the market?
No. The owners and principals of the Western U.S. Biofuel Refinery have common shares of the company that were issued with a restrictive legend on them."
Cross that one off the list for what the shareholders have to show for the extra 173 million shares.
So, what do the shareholders have to show for the extra 173 million shares that have hit float since the beginning of '07?
I might miss some, but I'm sure you'll add what I've missed to give a fair showing of what the shareholders have to show for the extra 173 million shares in the float.
1) A concrete pad
2) An impressive tent
3) Trucking fees to transport a mini-refinery
4) 4 webcams
5) 18 used stoarge tanks
6) Management fees to get some video commentaries uploaded to YouTube
7) Well compensted directors
Significantly absent from that list is:
1) Mining equipment (what a shame to have a Billion Dollars in the ground, and no way to get it)
2) Feedstock for BioFuel Production
Sure hope management is more responsible in giving the shareholders something to show for the next 180 million shares primed to hit the float than they were with the last 173 million shares. (Although, a share just doesn't stretch as far when it is only fetching .0032-.004 per instead of the .02-.36+ as it did for much of '07)
GLTYA
AI
