Global Prospecting Ventures Inc (GPVN)

[mweco]

The financing deal sounds more like an issuance of bonds or preferred stock with guaranteed interest payments. I certainly agree about keeping an eye on how the o/s grows. With the reverse split there is a lot of room for dilution (100M authorized, 12.7M issued). Right now though there is no market for this stock until they produce results. Hopefully there will be promotable news by February. Matt did hint that the last drill did have positive results but the find was not economically viable in quantity or location. I believe that positive news from the oil venture and the announcement of an exploration program will send the stock price back to previous levels.