My interpretation of Lori's response to this was she did the PP to strengthen our treasury against a hostile or low-ball offer. She said that if an offer came in and she didn't agree with it she would enact defensive measures like our poison-pill or immediately start sinking a lot more drill holes in the property. The money would be in the treasury to do this and juniors that have a well stocked treasury are not as easy a target for a takeover. She gave reference to another company that did the exact same thing in a similar situation but I don't remember the company reference.

IMHO however I believe it was to get more shares into 'management and their families' hands as it was not a PP that was offered to the public and the shareholders on this board.

She also said at this time that 'management' does have 30% (or so after the current PP) of the shares of SLI in theirs, their families, or hands of their close friends.

Munchie