Replies to post #11231 on CBD Denver Inc (CBDD)

[exec_7777]

So Klok sold the Ghana mining rights to himself, as president of Mateo, in addition to receiving 100,000 shares of the Genesis common stock for each issued and outstanding share of Mateo common stock (a private company he is president of).

Additionally, assuming as president of Mateo, he is one of the preferred shareholders, Mr. Klok will receive at closing of the Merger ("Closing") a collective share of $400,000.

In return for this HMIT shareholders will get 1/10th of an asset they previously held 100% of.

This is in no way a good deal for shareholders of HMIT.

[remfire]

goldisking, I've never been the brightest bulb in any room but what you posted would make more sense to me if the statement "a grant by Castle of certain rights to mine" would have said "a grant to Castle for certain rights to mine". HMIT is doing the granting and not Castle is it not? Also this only mentions alluvial gold to be mined which I think that means the easily accessible gold and does not mean the harder to get to stuff. I apologize if this sounds stupid but that's the way I understand it.
You're right Monk I can't see any reason for klok to say a pr was coming if there is not but the delay is making things look bleak but that's nothing new here.