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matrix

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matrix

Re: Al E Gater post# 71677

Thursday, 08/05/2004 9:53:57 PM

Thursday, August 05, 2004 9:53:57 PM

Post# of 358439
Gater, Janice made a very good point here. The company cannot legally issue shares above the authorized. If they do, recipients can sue them for being given unauthorized shares. IMO Glenn should have caught this error.

Whether the a/s is raised to 100 billion, I don't know. They mention about receiving "a 10% lifetime royalty on all mineral claims of CIM" so maybe it'll be raised to 400 billion.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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