RE:RE:RE:From 10 cents to 5...Calabrese and Scotty1234,
The discussions never got to the point of meaningful dialogue.
They were preliminary at best and in the end, the investors didn't want to let their money sit for an extended period of time.
I can't tell you how annoyed I was to have to keep telling one of them that it was Serbia not Syria. He just kept saying that the whole area was unstable.
There were other investments that offered a return on investment in 3 to 6 months and they went with those.
Ironically, one of the guys made almost $200 million on a mining venture recently but he didn't want to wait that long again.
$3 million may seem like pocket change but without the certainty of an exploitation license or a Feasibility Study / Pre-Feasibility Study, they won't put their money into it. Think about it long enough and ask yourself, would you put $3 million into a company you never heard of with nothing more than assurances that this could be a huge opportunity when cash starts coming in 36 months down the road?
Leaving $3 million in a stock for up to 36 months could cost more in the long run than making money elsewhere and then getting into Erin Ventures at a higher level. Certainty is very important to these people. That's why they have as much money to invest as they do.
Erin Ventures can't talk to prospective investors about anything except what's in the public domain. No investor would just jump in with $3 million on assurances that something bigger is coming. Facts and near term cash flow is a necessity.
VB