Replies to post #426 on Silver Bull Resources Inc (SVBL)

[FJRAL]

OK, MMG reverse merged with Dome. "Minted" new MMG shares to absorb "Dome" shares at an almost one for one rate I think. So is that "Dilution"?

MMG and Dome both made note that "X" amount of funds had to be generated before the Merger could be completed, funds appeared as planned. "Dilution"?

MMG via the Merger acquired interest in "Gabon" project in Africa. So, more shares, more cash, and another project.

MMG, I think I recall, also during this excercise expanded on their holdings in Mexico? So more money, more holdings, for growth of stock by converting "Dome" shares on a near one for one basis? Not too bad I guess, unless I've erred somewhere.

What I am not "seeing" yet is that wasn't MMG supposed to be trading on Canadian and USA exchanges at the same time to allow MMG to be able to announce more about their actions over and above the hamstringing rules of the USA exchange? When is that coming about? So far all I see is "Dome" is no longer trading.

Sure wish I had a crystal ball, could have made a heap $$'s and purchased back down here at these freaking low replay points.

[koondog]

Actually a few thousand could do wonders for their website. But what they need are results and good headlines. Most mining stocks recently got crushed and MMG was not spared. However, the selling pressure has subsided and it seems to have support at .60 as of now. But it needs more buyers. Roughly 7 or 8 institutions bought sometime this year. Sprott, Bank of America, and UBS to list a few. They didn't buy much, but bought nonetheless. By the way, there are only 55 million shares outstanding and that is not why the stock recently got crushed. I'm a buyer, but with a stop price of .59