Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: FAX sent to Spider Resources

1.The revers split would allow for a larger Co. to become involved in someway as this would lower the outstanding shares available for daytraders to play it. This is what the larger CO.s want before making a deal with Spider. so If the reverse split doesn't go through then Spider will probably have to go back and do a PP for financing.

2. I beleive that most of the ROF plays have been working on either J/V or merging to some extent together to make this area all work together to lower costs. Have to remember that with that many Co.s at the table there will be a lot of people jostling for the best position possible

I see #1 as the most important thing right now. Even though most are against the RS this may be the best thing for Spider in the way of having financing without having to do a PP.

Think about the Vote on this issue very carefully! If the reason for the Reverse split is a mojor coming in, wouldn't it be worth it in the long run?

Coop


Jun 16, 2008 07:48AM
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