Re: Financing N/R
in response to
by
posted on
Dec 25, 2009 02:52PM
What is going on here? All of the new financing will be spent on the Canadian properties. When are we going to see any drilling on the Guyana properties? The management must focus and finance the Guyana exploration beyond me.
According to the poster that has changed his name several times, he has posted factual infomation regarding the financials. Shoreham is out of hard cash and is essentially broke. I thank him for that.
This share dilution for the Canadian properties is terrible and an extremely bad management decision. Since they have no cash, the financing will provide some adminstration relief.
Now when is this AGM? I will be there to ask these questions. I hope they don't have the meeting in Langely. That is just hiding.