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Re: Toxic Avenger post# 5343

Friday, 06/04/2010 7:30:26 PM

Friday, June 04, 2010 7:30:26 PM

Post# of 6482
Remember when you posted the first tranche was "far less than 45K-60K" and claimed there would be massive dilution? The first tranche was 300K for only 3 million restricted shares, so you were quite a bit off with your predictions. You have never been right with your predictions about financing and dilution so there's no reason to think you'll be right that the loan will not be paid off on time. And there's certainly no reason at all to think the money will be used to pay Wilcox. You have obviously never read a financing agreement. The investor will specify the money go towards getting the mine up and running and will require an accounting of every cent spent.

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