Re: special!
in response to
by
posted on
Nov 30, 2011 01:06PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I do NOT have any of the warrants that are currently expiring......however
Nothing is more difficult in the jr mining game than raising money. To be involved in a pp you need to meet certain government and regulatory criteria.....not the least of which is having at least one million dollars in net assets and significant earnings. This eliminates a great many investors. PP's are the only way for a company to raise cash other than warrants being excercised. When you get your PP shares you can not trade these for four months. That can be an eternity if something bad or good is happening. Being a part of a pp is a big risk and not for the faint of heart.
.....The reward.....Warrants!
You may think you prevented dilution by having these warrants expire...Wrong!
If the company doesn't manage to do something brilliant with the sp this will turn out to be a very expensive lesson. Glory offered GNH a pp last year at 55 cents that they turned down due to arrogance.........two months later they took 35 cents from Dwek.
Carefull with your gloating over the expired warrants. May make the future... not so bright if you piss off the bank!
pc