Have you seen the movie "The Sting"? When the preferred plan was established by CB, in the beginning, the scheme was devised.
CB used many of the events/the lies, in 2006 and 2007, to set the stage for the execution of "The Sting", the RS. Remember it all started with the preferred series and the loans, many, many years before.
Now we are seeing CB, JB and JC, surface in California, diversifying from black gold to pure gold. Are you kidding me? What a circus? Is this a hedge fund or an oil company?
Rumor has it that “baby GE” is about to announce another major acquisition in a company that manufactures a “port-a-potty”. Stay with me and follow the logical. Both industries, oil and mining, are field based requiring outdoor facilities. So...., what’s next?
As someone said earlier, what does this new found business cost? How many 10(s) of million of shares? By the looks of the light trading last week and the msg board activity, everyone is perplexed.
Let’s look at the numbers, FULLY diluted:
Common stockholders 20.0 million shares
Employee Option plan 10.0 million shares
CB’s Common Stock 10.5 million shares
CB & bro’s conversion 23.4 million shares
Sub total 63.9 million shares
Working capital X0.0 million shares
Gold deal X0.0 million shares
Total XX0.0 million shares
Don’t come back and knit pick about me putting the Employee Options up there. They are authorized and they will be issued. My guess is that JC will get a big chuck.
CB has 22.5+ million shares, JB around 11 million shares and JC a few - just a ball park.
Now we know why the stock started up 2 months ago from the 2-3 cent range. Someone knew.
Original common shareholders, your interest surly looks tinny compared to what you think you bought. Soon that original 20 million shares will be less than 20%. I didn’t realize when I bought in that I was in CB’s version of “The Sting”.
