With 40 million publicly traded since April 4 or thereabouts, your guess is as good as mine as to whether or not a majority of those shares have been converted since. No date is given for the $620,000 in financing with Epsom investments. If one strips away the legalese, perhaps it is the simply the necessary dilution that we are already aware was required to secure the majority of the $1 million financing needed to develop the mining properties in 2008 and move forward. I think it is a typical Promissary Note with the guarantor of the finances getting cheap shares in exchange for the dough. The market cap here is still only around two million bucks right now so there is room for it to grow substantially. I dunno, doesn't sound that bad, better to have a million bucks than not having finances to continue mining and/or acquire valuable properties and assets. Any more thoughts on this?
