Cannon Exploration Inc. (fka CNEX)

[Chunky Munky]

Not true. The fact that they increased the A/S in and of itself does not mean that there will be further dillution. It means that the potential is there, but they have not gone that far.

It takes a while for A/S requests to be processed and allowed. The board must say ok, then the T/A has to put in a request to the SEC, which has to be approved.

Some companies do this ahead of time in case something unforseen comes up.

Remember we're dealing with a Pinksheets company with no real revenue stream yet. Should the assay information be great, they will have to pre-pay for the equipment to extract the ore. This means having $$$ available.