Explor Resources Inc. (fka EXSFF)

[Pantherman]

In the last year EXS has how many private placements with what number of shares + warrents? I have not researched that information but it is likely fair to say there has been 30% dillution and without those extra shares being added to the pie then the stock price would be 30% higher right? No wrong, the stock price would be lower because there would be no drilling results to report or to add ounces to the game.

At some point very soon we will have to quit the private placements and get an offer or we will have simply dilluted the pie to the point that even a buyout will not mean that much to the current share holders.

The question is where and when will that point be? I hope that we do not need another PP but we will likely have at least one more and maybe two.

Now the question is what is going on behind the scenes that the shareholders are not privy to know? Has the CA progessed or is it just there for AEM to use to their advantage by waiting out the next PP or the will of the management to accept a lower offer? One does not know and so we wait. The only other choice is to sell and look some where else for another play. I still think this is a good investment that will pay off but something has got to give soon.

One way to look at it is at least the SP has been able to maintain most if it's value even with the all the PPs that have taken place.

JMHO, GLTA