Friday, April 01, 2011 6:06:37 PM
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=46001
“I am happy to say that the cost of existing and further property development is not expected to have a
negative impact on the share value. The company is not in need of additional financing and we will
continue to engage to our full capacity to move forward with our plans for continued growth of
shareholder value through exploration and careful evaluation of new acquisitions.”
Today, only two weeks later, they increased A/S from 5B to 8B. Feel free to check it out:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=8gfaJCtB89ud%252ffJN9464RA%253d%253d
A/S limit is never increased for no reason, it is only increased to sell more shares. This is dilution, they DO need financing, and it WILL have a negative impact on the share value. These guys are liars, and they just proved it beyond any reasonable doubt.
This post is my personal opinion. I do not provide investment advice.
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