Prom Resources Inc (PRMO)

[DC168]

First of all, the $15M inventory is at cost, as shown on the financial reports. On the report, it is normal to report the lower of "at cost" or "market value". In this case, the $15M is not the market value. This is good news to PRMO share holders. Because the market value should be much higher than $15M.

Secondly, I don't know what they do with the money they generate from selling shares. I can only guess that it is for daily operation, or something else.