Re: Slager pumps $2.26mm of fresh capital into LGDI

Developing phosphate interests in the Georgina Basin, Queensland, Australia

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jalbiglog

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Re: Slager pumps $2.26mm of fresh capital into LGDI

in response to

Slager pumps $2.26mm of fresh capital into LGDI

divedogg

posted on Jun 27, 2012 11:18AM

This is kind of a strange move. Of course, the existing LGDI shareholders get screwed, as usual, with more dilution, but why would they put $2 mill. into this dog?

The only thing I can think of is to entice more suckers into the game.

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