I wondered where Golden Phoenix could possibly come up with the money for activities they are engaged in, like buying shares in another mining company.
The answer is obvious from the 10Q.
They are issuing shares right and left, whether it be convertible promissory notes, options for employees, settlement of old debts (and there are some very old debts), stock warrants, or any other reason they can come up with.
The share count a year ago was 391 million, now it is 456 million, plus another 22.9 in options and warrants to be exercised at some point. See page 16 of the 10Q is you doubt these numbers.
Dilution, dilution, dilution.
It never ends well.
Oh and how many ex-CEOs can you sue for fraud? What is the record for that? LOL
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