Re: Imperial Whazoo's post
in response to
by
posted on
Sep 08, 2012 11:24AM
(Edit this Message from the "Fast Facts" Section)
One of the few instances where I disagree w/ IW. I don't care whether the shares the Qs are "awarding" themselves are restricted or not. They may not be on the market (at least for now), but they are definitely dilutive- especially for those of us who anticipate a buyout. In just the last year, the Qs have "awarded" themselves something like 100M shares- one sixth of the entire value of the company! And that's in addition to what they already had. And frankly, I don't think their performance in the last year is worth it. We were told there would be drilling, a 43-101, regular shipments of dore, the smelter and vault finished last November, the Sinker rehab was finished, etc., etc. None of that was accomplished. Not to mention the abysmal performance of the mill for the last two plus years that we were only recently told about.