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LonJandis

03/31/11 1:29 PM

#35758 RE: stockguy1234 #35750

Outstanding Shares
as of 12/31/2010
Common: 372,008,907
Preferred: 2,000,000
Float: 241,263,501

Outstanding Shares
as of March 1, 2011
Common: 402,165,089
Preferred: 2,000,000
Float: 272,246,770


Significant and consistent dilution, along with a gagged TA. Don't know what else you need really.

Claims to have resources far beyond industry standards are only another red flag. If they indeed have such a high concentration of resources, and this was proven so long ago, there is no reason why a major industry player has not bought the property long, long ago. Additionally, if the future of the PPS is such a lock, there is no reason for the company to dilute at these levels. And please, don't say financing, because there are plenty of other ways to finance a company without destroying shareholder confidence.

GLTY