News Focus
News Focus
icon url

peorge

07/26/08 12:49 PM

#19983 RE: Barren Realms 007 #19978

What do you mean by increasing shares? The 8-k' spacificly state they are buying back shares.


peorge
icon url

waman1

07/26/08 12:53 PM

#19987 RE: Barren Realms 007 #19978

They arnt issueing new stock to cover the dividend, They have sold the company interest in the BOUSE and COPPERSTONE mines for stocks in "GOLDCO". these are what we are going to recieve. The matter of restriction has not been decided yet.
icon url

Libra59

07/26/08 12:58 PM

#19996 RE: Barren Realms 007 #19978

The divy would be in the form of restricted shares they currently possess of "Goldco".
I believe he is trying to work out a deal with Goldco regarding the restriction.
If the restriction can't be released, then the remaining time left on the restriction would have to run it's course.
Only after that would they become free-trading for us.

http://www.hellerehrman.com/en/news/industry/industry_3482.html

http://www.sec.gov/investor/pubs/rule144.htm