Got a reply from Karen this evening from my email last week. Thought I'd share....
The company finances its activities through equity financing and is very clear about that - and there will continue to be changes with shares being cancelled or issued.
There is still only one reason for equity financing/dilution - to raise money to fund the company's operational and exploration activities. Exploration companies rarely break down and state the cost of activities in advance, as they can change - for example, the cost of a drill program could be more or less than originally estimated and to retract something stated publicly causes more issues than it is worth. If a dollar is not spent in program A, it will be spent in program B.
The trading patterns are what they are and I would expect the volatility will continue until the company can prove up any kind of gold resources. News will be issued when there is news and I can't be any more forward than that as there is not a schedule for releases. If you would care to call the TF number, I would be happy to discuss CNEX with you.
Regards,
Karen Willoughby
Investor Relations
866-936-6766
