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Replies to post #658 on Sentry Petroleum Ltd (SPLM)
hondaboost
12/30/11 11:51 PM
#677 RE: MU_Redskin1 #658
12/30/11 11:56 PM
#678 RE: MU_Redskin1 #658
We do not have sufficient capital to satisfy the required future exploration expenditures needed to maintain our four ATP permits in good standing and we will rely principally on the issuance of common stock to raise funds to finance the expenditures that we expect to incur. Failure to raise the required funds to complete our commitments will result in the failure to meet our obligations and the relinquishment of one or more of our permits. We have relied principally on the issuance of our common stock in private placements to raise funds to support our business, [/quote Either Vast Dilutions or Down to earth!