I doubt the TA is gagged, but I haven't checked.
Several contacts with management have reiterated
the idea that no new shares are being introduced
to the market, other than Rule 504 and other
restricted ( 1-year ) type securities. No new
shares are hitting the market, nor will they until
at least the late fall of 2008 when restrictions
could be removed. In addition, restricted stock from
the original company's creditors ( DCUT )are still
restricted, and have not been converted to free-trading
shares yet.
The company has not lied on any matters that I
have discussed with them during the last 6 months.
Everything they have said has turned out to be true,
in the end. Until I see something that doubts that
trust, I will continue to take them at their word.
In the meantime, I continue to be impressed with the
press releases. None of them have been BS or fluff-type
releases. It appears that the company is honestly
trying to build something of value.
I will continue to believe until events happen that
cause me to doubt management.
The stock, on the other hand, confuses me. I do not
understand why we are sitting at $ .08. The rights
to the mines are worth at least $ .47 a share, on
a re-sell basis. The only thing that I can figure, is
that there just isn't a large enough shareholder base
yet to provide the stock with support and liquidity.
The last I heard, there were only about 150 - 200
shareholders.
Hopefully, over the next couple of months, we can gain
some traction with market-awareness, and get the price
to where it should be.
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