![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, April 11, 2011 1:49:27 PM
They are also diluting more shares. A lot more. I know for me of all people to say that "it is going to get worse before it gets better" is quite a surprise on this board but its true.
They are constantly diluting and they have 250 million additional shares to dilute (minus what has already been diluted).
It is a sad day in SGCP. They are diluting shares while in the heart of the mining season. It looks like .0018 will be the high until news.
I know we need to remain positive but we also have to be realistic. This stock has never risen due to facts but on anticipation of what the facts could be.
The reason of the last day of dilution could be a number of reasons: paying the workers, paying for Doug's airfare, paying for the press release, etc... The fact remains: THEY STILL DILUTE.
I found a month ago (around 1st week of March) and called John. He said they needed funds. Obviously they can not get a bank to have confidence in them for the finanicing so they take it from the shareholders. This is after on December 28th at 1P.M. when I called an asked our they going to dilute any additional shares I John said no.
I should have sold my shares when we go up to .0029 but didn't because of over hyped production estimates.
We are still diluting shares and the truth remains that CANT (Cantor) is probably the one selling them. John told me on the last call he will dilute shares as long as they need the funds.
He also said he will not give any hint to when the next Field report or Press Release will be. He only said we will get a Field Report once a month.
This company is so bad we don't even have a proper chanel to report the news on our website.
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM