You may be right about Fairhills Capital and any recovery from them. They are professional crooks. They can stall and delay indefinitely.
As for the rest of it, Captt called it dead to rights. Reminds me of encountering a noxious fart unexpectedly.
Let's be clear about dilution. SGCP raised capital for equipment and leases during the ramp up period from 1 to three dredges (plus 1 to three tractors, and 1 to three thousand acres under cultivation etc.). They increased gold production every year and needed at least another year to hit the first tier goal of 1,000 ounces of gold per year.
That's how it is done. It wasn't always seamless, it wasn't always perfect, but SGCP was producing gold(and diamonds, and rice and sorghum et al).
External influences on the other hand destroyed shareholder value by poisoning the IHUB and Yahoo post stream and discouraging new investment with a continuous stream of vile distortions and outright lies. Who can forget the famous..."
"I have one hope for SGCP shareholders, sgcp management die in a fiery plane crash."
Thanks to those and THOUSANDS of similar ongoing distortions and outright lies, External Influences caused more shares to be sold than would have otherwise been necessary. Then they complain about dilution OMG LMFAO!
Let us be clear. External Influences cost SGCP approximately 2 billion shares and were responsible for making the deal with Fairhills Capital necessary in the first GD place. External influences ripped off every SGCP shareholder and ripped off the people of Sierra Leone.
The way I see it, External Influences destroyed SGCP then, and are about as welcome as a wet fart now.