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Thursday, January 28, 2010 11:26:59 PM
"This announcement does not suggest that we have officially closed on the CM transaction but have set aside in escrow the funds needed."
Seems like they are telling us they have the money, but are not closing on the property. WHY?? Who is selling these cheep shares? Could it be SUGO insiders? Keep telling us that SUGO is closing on a good property and sell shares into the market. The investors here would look foolish and we would be played. Why haven't they closed if they have the funds? By their earlier press release
"the Owners agreed to extend the closing date of the Mineral Agreement to September 30, 2009."
This indicates that the owners of the claims have extend the closing again (past Sept. 2009). It would seem that if SUGO announced that it would close by the end of January than the owners extended to that date. So if there is no announcement tomorrow of closing or an extension...... we are all screwed.....
My $0.02
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