Brendan, I see the pps going sub-penny on a downward spiral unless "an event" occurs. The existing shareholders have lost confidence and patience. However, most are in too deep to sell for a large loss; or like me, there is a slight hope that something good may still come out of this and it would be worse to have panicked and sold. The REPRESENTATIONS made by the company and its principals are the only thing keeping me in this stock at this time. It's hard to keep faith, but its the only thing left. If those representations turn out to be misrepresentations, then there will be legal action, complaints to every enforcement agency out there, not only by me, but by most longs here. I am willing to stay in this, and hope for the best on the chance that something good will break in the next 6 weeks. I say this because chances are something is being worked out, just as with learning of the mine purchases a few days ago. The biggest issue is - where is the money coming from to pay the 3 million plus by January 6th irrespective of the 12 and 24 million share lock-up as part of the sale? There is no way the company went into the purchase agreements blindly and on the hope it could raise over 3 million in 60 days selling shares on a fast sliding downward scale beginning with about .15 per share. That's just not logical. So, there has to be financing. And, it has to be a lot bigger than enough to just buy two mines and not have any money to do anything with them. And, anyone selling a mine for millions of shares, or a financer providing funds for the purchase, would have to be incompetent to trade assets and funds for shares that will be worth nothing due to dilution. That goes for the 5% smelter fee. Who would lock up their potentially highly valued asset just before a boom in silver and gold to get 5% of ZERO because the company is incapable of moving forward? This is the hope for an event soon, that would raise the pps, or cause value in some other form. Just my opinion. gg
AI
