EXACTLY. Financing without details is not necessarily good news, and the lack of disclosure of detail leads me to believe that it will be revealed as 'poor' quality financing.
I'm expecting to see some sort of convertible debenture with no floor price or minimum. If that is the case, only a sack full of diamonds will keep this stock from driftng lower until an inevitable reverse split destroys all hopes of shareholders making any gains in value.
I've requested the financing details and won't rant about CD's again until I have the facts in hand, but at this point I believe a reverse split is probably already in the long term strategy. That being said, I also think they have a good chance of finding economically viable minerals on their properies. Should make for half a dozen great trading opportunities in the next 12 months.
Robert
There are no good stocks, only good trades.
