KS.V
LebaneseProud, you and a director of the company may call what they're doing production - most people would call it a joke.
As far as cash being thrown off, according to the company's latest filing on SEDAR, their only items of income for the 3 months ended Feb. 28, 2009 were the following:
$519 - interest earned
$25,709 - recovery of prior period expenses
$10,848 - foreign exchange.
(note all of these amounts are in dollars, not in thousands of dollars).
Also of note, at the end of the period, they had cash and cash equivalents of $45,419 - no wonder they've had to to a flow-through offering since then, and are in the middle of a second one. So much for limiting shareholder dilution.
A1
