CBD Denver Inc (CBDD)

[downsideup]

I don't know anything about "Tidalwave"... was it actively trading... does it have an IHub board ?

HMIT filed a paper REGDEX on 2008-10-09

http://www.sec.gov/cgi-bin/browse-idea?CIK=0001403050&action=getcompany

You can get a copy if you want to pay for it. I don't know, maybe the SEC considers that "timely" information for a non reporting company ? Looks like only eight more years until we see HMIT trading being suspended ? I don't know about the other company, but it looks to me like HMIT has done a reasonable job of keeping investors apprised of changes as they occur. If the news they've been putting out is truthful... I don't see an issue with the timeliness of information...

I did look at the HMIT website today. It seems reduced relative to past extent, and I noted it says "Hidalgo Mining has been granted an exclusive right to mine for gold and related minerals along a five kilometre stretch of the Tinkisso River until August 2012". That "seems" it must have been there a while, as it is paired with other information on the projected 2008 season: "Hidalgo Mining is prepared to start full dredging production in the 2008 field season and anticipates production of 9,481 ounces of gold in Year 1 for revenue of $6.64 million"... but it looks new, to me as the last time I poked about I found dates on older pages saying that the exploration stage permits expired this January to March... as I posted here during the dust up over the change of power in Guinea.

I don't recall seeing a PR announcing the status change and extension in the dates on the permits... but I doubt the bank will give them $$$ to operate if they don't have them...

Still leaves me sitting on the sidelines waiting to see

1. IF the bank provides us with a validation of the value of the resource, the stage of the opportunity, and the quality of the management effort... by funding the start up of large scale production.

2. Then, if the bank gives them the $$$... how much... for how long... with what terms.

If the bank values the properties, but not the quality of management and their potential to deliver... they may deliberately underfund the effort... or provide limited funding in tranches dependent on meeting impossible milestones, etc. If so, they may be expecting that they will end up owning all of it soon in return for only a portion of the funding $$$ necessary to deliver a viable, properly scaled, self sustaining operation... if management isn't able to deliver the results. Otherwise, the management can validate the entire project by meeting its milestones and payment schedules... but, before buying shares I'll still need to decide on three things if they do get funded:

1. Has the bank provided enough $$$, with timely enough delivery, to enable success... or only enough to set the hook firmly...

2. Given some level of funding, what is the probability management can deliver the necessary result, the one I'll want, instead of a result that will only benefit the bank.

3. If those concerns tied to "amount, timing and capability" are answered... are there other features in the terms that shift value from shares and shareholders... to others... no matter the result in management or project performance ???

But.. thus far... we're not able to evaluate the potential based on a deal that still hasn't been done... and we're still left wondering why the 2008 production plan didn't happen ???