Replies to post #15062 on Comstock Inc (LODE)

[Darwind]

1. In the press release it mentions 7.5% dividends. Will these dividends be paid to all investors starting Jan 1, 2011?

No, dividends are only for A-1 Preferred Stock. AKA big investors.

2. The next step is to start digging, correct? If so, when/how long until that process will begin?

Minor air permit to complete. Alot of the equipment and infrastructure are already in place. They now need to hire more staff, get trucks and diggers moving, prepare leach pad etc. Ball Mill should hopefully be rolling probably late spring next year. Then we start pouring dore bars aka minting money.

3. The press release stated Moelis & Company acted as exclusive financial adviser to the company. Are they not anymore?

No need for Moelis at this point since we now have operating capital and no debt. If we need further capital infusion Moelis probably would be brought in again. They are a gun for hire. Moelis did personally invest $150,000 of his family trust so he does have a vested interest in Lode making a go of it.