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sortagreen

07/08/05 3:29 PM

#3856 RE: osger #3855

Why didn't Barry fund it?

I'm not saying for free but it wouldn't have taken much dilution to pop a couple of holes in the ground and see what was there and whether to go forward.

Sure didn't need a million bucks.


ImakeMONEY

07/08/05 8:39 PM

#3860 RE: osger #3855

I'm not saying they want to print shares. I'm saying they want to explore and the only way then can get money to do so is to issue shares in exchange for $1 million dollars. Delta's concern and focus is on exploring, shareholder value and stock price are secondary at this point in time. Something which ironically is a good thing for long term investors but bad for short term people hoping for a quick buck.

I'd personally rather see my long term investments temporarily decrease because the company is focused upon building the business, than see the share price temporarily increase because the company is focused upon pumping its value. This is only good for short term and day trades, but most of those companies are truly fluff and scams and not something that you want to put under the mattress. I think Delta is better than that.

Robert