Hi Les,
1. Conventional Financing- No, I do not know of any bank in the United States in the current regulatory environment that would extend credit in any form to this company. Almost any bank manager looking at this company who know his business will tell you , I ran this by a banker I know, he burst out laughing at the concept a bank could make a loan in this environment to such a company.Banks do not have the same leeway for their portfolio loans that they used to.
2. No I dont know what is discussed behind the scenes, heck, we cant even get basic information from the company in a timely manner in my opinion.
3.My post raised the questions which at this point I dont see as unreasonable- and I believe of course there were some people who made honest mistakes in being positive on the stock or who were inexperienced perhaps. But I am wondering when in the face of common sense and the company's track record some people kept rather fanatically insisting on very improbable scenarios what the reason for this is- or attacked those who mentioned the potential for another reverse, or kept defending their famous "NI43-101" press releases.I tried to give company benefit of the doubt at first as well. So I am just wondering here in order to better understand the situation so when I come across again in the future I can speculate better.And no I am not questioning the motivations of anyone in particular,just a general question.
---Though the CFO of this company may not just be incomptent to achieve objectives ( which now is a fact), there may be more to this picture than meets the eye.Looking at the cash flow statement the net amount raised and (and made) by the convertible people certainly is not chicken feed.
4. Excellent question about Jo Grant. I would add to that, has Jo Grant and/or principals been recepient of shares in the past that they have filed 144's on but company did not disclose related party issues ? Sorry but I am just more and more sceptical about this company.
Les it just is odd people being fanatic about issues concerning this company when common sense says the opposite. They arent raising $3 million by any sort of conventional financing whether equity or bank loans, not in (a) current banking environment (b) curent market for junior mining companies (c) with a DTC chill.(d) CFO's track record.Yes that is my opinion !
