Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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Message: Re: Who cares about AMEX listing!
7
Nov 30, 2011 11:11AM
4
CRE
Nov 30, 2011 12:39PM

Longtime

I appreciate your frustration but imo your post is incorrect. The company has not spent 9 million on travel and promo etc. We also all have to remember that the exercise of options and warrants while perhaps an accounting cost is not an actual cash cost to the company but an accounting entry.

We have over $5 million in cash and a lot of that has come from the exercise of warrants/options

these are also 3 month statements prepared by the company and not by an accounting firm. There could be any number of reasons for certain things falling either in or out of the period

Phockey

Holders of these warrants/options would not exercising them if there was not potential of profit for them.

10
Nov 30, 2011 01:17PM
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