OK, so I should post slow and easy. Here again, times my bottom line figure of $3M take home pay by 10X. Big mistake in my decimal placement.
So even better, the take home pay is $30M not $3M based on the previous assumptions. 300M shares at $0.10 = $30M not $3M. Now that really is a reason not to lift the NDA and $30M reasons to prolong the deal life. Closing the deal is not nearly as profitable as stringing it out for a year and selling into the strength.
Wow! Why didn't I think of doing a reverse merger and announce a major deal and just copy these guys? Man oh man, have I missed the boat.
$6M per insider, assuming 5 insiders in on the deal for six months of negotiating with thin air. Is there anyone there to negotiate with? Now that is a masterful negotiator.
They make $6M each, if there are five insiders selling, for a six month period while they prolong the closing. Not bad. Things look even better. You'd think this is enough funds for them to mine the mountain?
If the exploration budget is $7M, why can't insiders take a few Yankee dollars from their loot and explore? If each insider partner put up $2M from the sale of stock, we'd have more than enough to do the job. Why do we need a partner? Hell, there has been enough stock mined to tear that mountain upside down by now. What is going on?
Truly, why take on a partner for a deposit that is potentially worth Billions, when you have tens of millions from the sale of stock that you can use to explore and bring home the bacon?
Is this not a legitimate question? Am I off in my thinking? Enquiring minds want to know!
