Re: Before I would let go of tesoro
in response to
by
posted on
Nov 11, 2016 03:21AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Molson,
Ok thanks, I wasn't aware it had delisted from the NEX, last time I looked it was still there, but you are correct it no longer shows.
Even less reason for people to invest more money then as it's no longer under market regulations.
On Yahoo Finance SELSF shows a defecit of -$376,000, I presume that's Canadian $ although as it's on the OTC it could be US$ I suppose. I wonder if that figure is up to date?
If accurate, that means that even if $500,000 were raised, most of that would go to fund the negative working capital, then there would be forward looking salaries and office expenses, so there would be precious little left for actually doing any work in the ground, even if they had a viable project!
I cannot see an investment case here at all.