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Re: lesgetrich post# 61497

Wednesday, 02/13/2013 7:01:49 AM

Wednesday, February 13, 2013 7:01:49 AM

Post# of 67010
IMO share count will get to 150 to 200 million this year. I base this on the existing convertibles, and what I believe is a logical estimate that a company going into production and having payments on acquisitions ( which probably will be negotiated), the mill, etc etc. will need at least as much as last year , $400,000 some, to get through the year, plus roughly $.02 share price on average.

However why would a billion shares not be possible if (a) share price decliens below $.01 (b) cash requirements higher than $400,000 (c) delays in mill re-opening or more permitting issues arise, etc etc. Based on companys track record it would seem this is a possibility though I dont think probable yet. So what ? This is a speculative stock betting that CFO can pull this maybe more shares outstanding will provdie mroe leverage to average down before the mill opens.

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