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Re: lushful1122 post# 6534

Monday, 10/04/2010 12:33:33 AM

Monday, October 04, 2010 12:33:33 AM

Post# of 118206
In order to get $500k to start operations they would have to sell 72,000,000 shares at Fridays closing price of $0.007. Basically diluting shareholders by 10%.

Spark, the top two guys own more than 50% of the company which gives them sole discretion of when to sell shares, or worse yet pay in shares because they were careless in thier execution of the business plan. Did you ask mitch if they payed for the repairs on the two tractors they couldn't sell last year? Or the fact that the CEO loaned the company $1.5million and secured it with all of the assets of the company. So basically he can get everything set to mine and file bankruptcy and collect a turn key mine. Or did that slip past your iron clad DD.

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