what if, both ways hurt !!

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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bernardho

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what if, both ways hurt !!

posted on Feb 10, 2009 01:37PM

I wrote an email to BOD already to file my disagreement on the PP issues.

On further thought :

The 78 million is representing ~20% ..

if the 43 101 comes out not good or not well recieved by the public;let say ,only 5 % of the new investors dump 4-5 million shares , the Share price can down again to 2-3 cents

and this time ,it may take much longer time to come back .( even there may be a clause to prohibit a certain period of selling ,there is always markert for short.)

If the 43 101 is good ,they can earn fast money immediately..and has a 20% of dilution to the existing shareholders.

both way works against the existing shareholders and including NN, but he may be compensated by having more options in later stage to balance the dilution.