If your math is right and there is only $3,000,000 needed to purchase all the shares.
Any viable producing mine would be able to buy all theses share back within a year while paying thier bills and maintaining equipment.
But yet you are worried about massive reverse split, wouldn't you think that just confirm's the naysayers opinion that Petty doesn care about the share holder period.
After reading all the F/S and the PR's her are some variables to use in your calculations
1.) the F/S does not list one $ of heavy equipment depreciation, lease or ownership of any heavy equipment, it reports office equipment .
2.) They have filed with the SEC and have removed the skull & cross bones from PinkSheets.com, but there is still a warning about unsolisitied quotes, no firm is marketing this stock TD Ameritrade wont trade them
3.) when you read a posting saying hold on to your shares, you dont have a choice this stock is a one way ticket.
4.) I've said this before and no one believes the old hogdog
How would you expect to reverse split a stock considering you would raise the price buy the split ratio only to watch it go back down to where it is right now and then try to attract new share holders much less a big investor with real money
Now you have to believe Petty had gotten a copy of the report before they issues more shares, while this guy stated they were going to perform share buyback, and raise share value.
Here is where we are
Bistes report has to confrim the 77.16 troz/ton with the reserve situ they stated in a PR released eairlier this year, because
This company is always on the verge of a Cease trading order not a reverse split.
Bistes report will not move the price, because from what I have seen in the past were not going to see that report, only a Petty glimmer of hope.
They have to start production at this point
BUT THATS JUST ME ;-)
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