Friday, December 30, 2011 12:48:19 AM
I 100% disagree with you. The filings are what I had expected. The company has positioned itself for growth. The #1 thing the company needed to do was to complete these filings to have the Caveat Emptor removed to obtain pink sheets current status as soon as possible. They have done this.
The next concern was for the company to show that they have 100% funding taking care of to where the growth of their mining operations will not be at the company's expense and will position the company to capture its potential. They have secured this support.
The next thing was to show that they have secured this major support to position the company for growth without creating any debt. They have done this. Being debt free is absolutely huge. Many companies have millions and millions of debt to start out with. There are no Convertible Debentures or 504s where shares are dumped regularly suppressing the price of the stock. Here, the company has Net Income with solid equity and is starting out debt free. Also, understand too that being 100% debt free basically means or should be interpreted to mean that they are not operating out of the red and operates out of the green.
Remember, some were very confident that the situation here was going to mirror the previous Bayport attempt to go public that failed. This is quite the contrary here with EXTO and Bayport Corporation. The recent filings should have easily eliminated any doubt of any repeat of the past from happening now. I personally think that you need to rethink your thoughts. There is much more positive that I will later elaborate on from what else I see from these filings that I think is very huge for the company.
v/r
Sterling
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