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Friday, April 08, 2011 1:22:05 PM
Declaring Liabilities as Revenue sweetens up the Financials doesn't it?
How much Income was raised from Operations and how much was raised from actual Mineral sales last year?
How many shares were issued to raise those finances?
Do the math on that one.
Filings show that dilution has continued throughout 2011.
It would be very easy to show how dismally this company has performed.
Now what about the A/S, are they actually unlimited like they are allowed to be in Wyoming and what does that mean to shareholders.
Well if it is the case as is allowed in Wyoming it means the company can print as much paper as they like whenever they like without telling anyone.
There are much fewer filing requirements in Wyoming which is also regarded as one of the key advantages of registering in Wyoming.
Here's the simplest math of all.
Any dilution has direct impact on current stock value it also dilutes any possible distribution even if or when the company does become profitable.
Projections with this company have proven pointless and I have been guilty of some rather poitive Projections of my own.
See the CC Projections in the IBOX.
At this point only direct results will have any impact and determine when if ever we will be profitable.
As always the company is rather stingy with that info. That's not likely to change anytime soon.
eye
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