Prospect Global Resources Inc fka PGRX

[Sryinex]

Simply put, they wouldn't offer those kinds of shares without a buyer in place. They've already failed public offerings in the past and know that they don't work when your shareholder base is less than 50 people. Especially when you have the track record that they do. They've relied on Scott Reiman/Very Hungry to fund them up to this point. They have already told Prospect that they want out. To me, this sounds like they have an alternative source that they've found that wanted these things to happen before they took part.

About Sichuan? Who knows really. This offering will give majority ownership of the company to whoever is willing to pony up the capital. Who it is? We'll have to wait and see.

The conversion of the warrants is a definite positive to take away from all of this however. Which is a reason why I believe they will probably succeed at eventually building the mine or getting bought out.