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Friday, May 20, 2011 6:27:10 AM
Expired=dead I'm sure Ed would have liked some more time to try and get the deal off the ground, but that's why leases with option to purchase have built-in deadlines; you either get a deal done or you're out.
What Ed has now is a shell, diluted by 5 million shares. In essence, Ed is paying some entity 5 million shares to do what he couldn't do: cut a deal.
The irony is that if Ed had issued these shares while still holding the Sundance claim, a deal might actually have happened which would have at the very least resulted in a modest run in the PPS.
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