Of course there will be people dumping as holders of convertible notes make their money by converting shares at a discount.This will of course continue until they are paid off. Hopefully company can generate positive news to offset effects of the conversions.
You have used the word scam,and I must respect you have followed the stock longer than I. But if it were not a scam as you say, what would they do differently ? They are probably financing company only way they can, through convertibles. I dont know really what CFO makes, but it seems whatever he makes he has to hustle to receive,and seems he even lent company money.There is a long learning curve in mining business and CFO didnt have mining background. In summary, what makes this a scam ? If they dont meet projections this year is that hallmark of a scam or inexperience , or bad luck , or being overly optimistic about financing ?
How many people on this board would work for a company with less than $5,000 in the bank ?
