just cant wait for this to just open at .01 cent and run.....what a day that will be.....
Shareholders have communicated valuations to ourselves that
range from as low as $0.0005 to as high as a few dollars per share of our Common Stock. We will comment as follows: No, we would not entertain a price of $0.0005, that is patently ridiculous and conversely to value the Company at a few dollars per share of Common Stock is complete nonsense. In our private and unsubstantiated opinion, any valuation is north of the low suggested at $0.0005 per share of Common Stock; any valuation is however solely in the opinion of your Directors. An accurate and updated value of the properties will be only be material to shareholders should the Company elect to dispose of the same and to then distribute the proceeds; and that would entail an “arm’s length” valuation being undertaken.
5. In respect of the actual amount of our shares of Common Stock in our “float”, we are very aware that due to certain actions by Regulators, certain Self Clearing and very Major Players in the “penny stock arena” are now (a) unable to clear nor accept deposits of shares under $5 and (b) are no longer able to execute trades in stocks trading below $0.01 per share.
We are attempting to ascertain as to the quantum of our shares of Common Stock effectively locked up in these firms in order to gauge as to what is our actual “float”. Whether or not this is material; is unknown at this date. This information we intend to obtain from the DTC. We doubt that this information is permitted to be disseminated to shareholders nor put in the public arena.
NOVEMBER TO REMEMBER !!!!!!!!!!
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