RE: Let's Get Some Facts Right
1) Thisconsolidation was called by the new investors! (who picked up over 22Milretail shares from all of previous month's selling) And not by Reed! He(and the bod) were caught off guard by this request but have to put itforward. They're busy raising financing and making drilling work plansto follow that.
..............Those investor must have other interested than 'old' shareholder. Those new investors, if the hold 20 million shaers ,have to take into account, that a comnsolidation is NOT in the interest of other shareholder who hold millions of shars for years adn maybe paif .20 for it. And I even would undersatnd that those interest mustz be different: Those new investors want new private placements and this increases the OS enormously ( 10 million new shares post-split....would be 150 million shares before the split....do your math!!!!) This stinks! Those investors have to explain, included Reed, the true idea why they want this split and where they see any success.
ADDITIONALLY, if Mineral Fields has been a problem for CDO......I do not see any difference in thise problem those new investors will be for CDO....or do you believe they do not work in their very own interests and do not want cheap shares also. They will demand private plaments at .50...while the üpost-split price is at .75. This will hammer the price down as the market will notice that those new investors intent to make fast money .....as Minerals fields tried to make. That is all eyewash!
3) Two other financing/investors outlets still exist (in discussions), besides all these.
.............with reagdrs to 1).....maybe even worse...IF they also want private placement post split. However, the OS will increases enormously within shortest period after the split. we will be the lossers. Remember my words.
4)The value of an asset is not lost, it's just transferred intosomeoneelse's hands. The intention of this consolidation is to do justthat,will you be the hand that loses or gains? that is the question. 1Kgofgold is worth the same as 1000gr.
................Which value of which asset? We do not have any drill results, even I have been told last year that CDO has 1.5 million cash....So where is this money if there are no drill reports. Where is this money gone to?!? However, yes, 1 kg gold is 1000gr Gold.....IF THERE IS GOLD! You are talking about value of asset while I wait since nine years that CDO shows me this value !
By the way, 1 kg asset is NOT 1000gr Gold! do not mix apples with pears!