The PR said that Malcolm guaranteed to buy up any remaining shares in the .07 cent offering, thereby guaranteeing the offerings success.
Problem is the share price is nowhere around .07 cents. Therefore can't do share offering. Therefore can't get financing.
Malcolm hoped to get the share price up by announcing the guarantee. It was brilliant, and almost worked, with the price hitting .05 cents. Problem was too many long-timers wanted out, and too many shares on the market. I lost a third of my investment before I got out.
Has anybody called Hunt to confirm that they haven't been paid in six months, like they told me last month? You can't believe everything you read, you should find out from the horse's mouth. Do your DD. Telephone rates have come down in the last 20 years, you know.
Even if they were paid, what's the chance they drill before the Tasmania spring, in say, September?
Price of oil is dropping, too. Market could be tanking. S&P just hit 888. What do they say? You should buy when everyone is selling? Is that right?
Just consider this another point of view. GLTA.
