Replies to post #13032 on Solidus Communications Inc (SLDC)

[cjstocksup]

You can not beat the facts. Excellent post.

[EquityTrader]

Not really that many shares out there when you do the math :)

Consistent news here and this is a huge winner.

[cjstocksup]

I am using that as a sticky note, could you please headline it "Latest 10K numbers" or something to that effect as a title at the top? TIA

[Risicare]

Yes, thank you for proving my point. Except you folks continue to abuse the word "outstanding" and it is highly misleading when used on its own in the wrong way. You have at least "qualified" it with "(and not owned by affiliated companies)".
There is ~87 million shares outstanding of which 25million will likely be retired (maybe a year from know or longer, who knows) Not 30 million, not 50 million outstanding.......

If I were a shareholder I would next add in how much all the outstanding convertible debt will add to the outstanding shares and then using the ~ burn rate of cash along with the issuance of more convertible debt to cover it.

[BigBake1]

Incorrect, the 25 million shares were retired years ago and if were in fact still valid would be at 125 million shares after the 5 to 1 forward split issued in 2009. That 25 million shares cited in this poorly misrepresented math were issued in 2007, so this equation presented in this sticky is completely wrong.

During the period ended November 30, 2007, the Company issued 25,000,000 common shares for gross proceeds of $5,000 to the Company’s president and sole director. 
 
During the period ended November 30, 2007, the Company issued 23,750,000 common shares for gross proceeds of $95,000.     
 
On July 6, 2009, subject to regulatory approval, the Company approved a five-for-one forward stock split of the Company’s authorized and outstanding shares of common stock. All outstanding share amounts have been retroactively adjusted to reflect the stock split.

As per the 10K

[EquityTrader]

Today's price is not reflective of value here...

SUGO has billions of dollars in minerals and once they start digging the big boys are going to be all over this property jumping over each other to mine the gold!

MM games today, but long-term its a great opportunity.

[EquityTrader]

Other than the expected 2,000,000 Ounces of Gold, what other minerals are expected to be found?
As per the NI 43-101 the following mineral deposits are expected as follows:
Silver: 249,640,000 Ounces
Lead: 4,803,200,000 Lbs.
Zinc: 18,012,000,000 Lbs.
Copper: 31,000,000 Lbs.

...CHA CHING!

[EquityTrader]

Feasibility Cost: 5,500,000.00