The 150 million potential shares was based on a share price of around .01. At the the current share price we're looking at close to 450 million potentiatial shares. That's what sucks about the whole deal. Rob sold the current investors out when he sold the loan his company held with PCFG. Was he just being the first rat off the ship?
This has been an interesting turn of events as all of this has unravelled. I, Nobody3 and others took a lot of flack when we challenged the board's rah-rah attitude a while back. There was even a big hoop-de-do over the terms "dilutive" and "death spiral." How quickly the worm turns. God knows, I wish I had been wrong, but it's gotten so bad that even Foxwood is lurking in the grass beating off snakes. What's really funny is Robo going from banished goat to guru.
Until the bleeding stops it's quite possible that we might see the triple 000's. Thanks to TJ we can assume that the water problem is resolved. Also, there's the upcoming Blackfire payment and the dividend from Pacific metals, so all is not lost. Third quarter results are of course critical. What's the possibility of forcing a shareholder's annual meeting since Rob and Mitch no longer control a majority of the O/S whatever that currently is. \V/_
