Searchlight Innovations Inc T.SLX

Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues.

TSXV:SLX.P - Post by User

Searchlight Innovations Inc > Vote No

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Comment by Margreton Apr 03, 2012 3:54pm

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Post# 19754602

RE: Vote No

If you vote no, SLX has to pay $6.14 million. That is a huge chunk of their cash. Some of their cash is already restricted. You can thank management for that. Then afterwards you are stuck with the same awful management but lost $6 million.

I am 100% certain they will then do another stock issuance to dilute shareholders to get back that $6 million. It takes cash to build a larger mill and to drill. Just look at their history of stock issuance. Then they will give themselves a huge number of options as a reward for a job well done. Might as well vote no and then shoot yourself in the head lol. Sorry to long time shareholders.

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