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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by Yukon_Corneliuson Sep 26, 2011 10:00pm
162 Views
Post# 19086662

RE: RE: Water Cooler - JJ - Yukon

RE: RE: Water Cooler - JJ - Yukon Bacon- It's a 1:1 deal- so 22mm warrants at .075 and agree a 6-month lock is most likely- hmmmm did the sell off begin in Mid- July?

"...private placement pursuant to which we issued to 38 subscribers a total of 22,000,000 units at an issuance price of .05 per unit for total proceeds of $1,100,000. Each unit consists of one common share and one share purchase warrant to purchase an additional share of common stock at an exercise price of .075 until January 10, 2013

Also- Harp had arount 6mm shares- he would not/could not have been a buyer in this since he was CEO at the time the cut the deal.

Which leads me to my next point- Harp, imo, basically sold us down the river to 38 'friends' for a measly 1,100,000.
Why on earth you keep asking to have him back at the helm of DLKM remains a mystery to me.

So these shares averaged each player around $29,000 and now have our pps held hostage. Harp must have been either REALLY desperate for cash, or he owed someone(s) a big favor. Thanks for nothin' Harp!
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