Buscar Company (CGLD)

[WOOHOO]

Once again I agree. However, I also reiterate my comment from July 11th.

My main concern on this stock is dilution. The Company has been quite liberal concerning the use of the Company stock. However, I anticipate that future earnings will more than offset any further dilution.

As we can see below, Standard Bank is sitting on almost 10% of the free trading float and their stock has already doubled. I think that one could expect them to liquidate some of this position.


In addition, as part of the Credit Agreement transaction, on July 11, 2008, Standard Bank exercised its outstanding warrants for an aggregate of 13,600,000 shares of our common stock for gross proceeds of $ 4,314,200.00.