Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

Free
Message: Ernesto warrants

Look at the transaction date. He finally got around to filing.

Tx date 2011-09-30

 

That alledged transaction date is actually quite weird.  I went back and tried to spot the transaction in the financials.  Spent a lot of time trying to spot anything happening with respect to these warrants being exrecised.  No major cash inflow came into the company in late 2011.

All I found was that a loan of $1.4 million from Ernesto was paid off "in January 2012" with the issuance of shares at a price of $1.35. And this is only mentioned in the financials filed April 20, 2012.  Not sure this is a transaction related to this late filing.  I could identify in the cash flow reports that in January 2012 proceeds of $6 million were recorded as a cash inflow for issuance of shares.  But this is not broken down.  Still something wierd about this alledged transaction.

I could see forgetting to file for shares received for clearing off a loan but if this late filing is specifically for an exercise of warrants then I can't find the proper cash accounting for it in the financials that supports this alledged warrant exercise.

The 'ten-years-later' part of this mystery filing is pretty weird too.   Why the heck are transactions over a decade old being audited and carefully rectified all of a sudden????

Share
New Message
Please login to post a reply