RE: lookimg for advise
I am going to get a lot of grief for this post as it is not all positive but here it goes.
I have considered investing in other stock a few years ago but I have not found anything that has the upside that this one does for the cheap entry fee, what other stock is at .065 that has the potential to go north of 5.00 with value of much higher than 5.00 of diamonds in the ground.
We have a world class geologist that knows about diamonds at the helm.
Sure we have a new company formed with some quebec properties and we are going to get shares, interesting but no wow factor seen yet as we have not had any news on them in ages and they are a long ways away compared to Leadbetter in exploration. Leadbetter is why I am here, Quebec is just a nice bonus.
The big WTF to me is dianor is looking to ask shareholders to take the safety that is in place and let Kodiak take control of the company by exceeding 20% ownership.
That is a bit of a buyout in itself but of no use to a shareholder as it is the same essentialy as a Private Placement as far as dilution.
The ELOC seems to be put in place before the buyout can take place.
The only way Kodiak can sell its shares to another company is in or through the market, Kodiak sells and another company buys those shares with the risk of others getting some of those shares in the process.
or they are the buyout company.
I can see Kodiak wanting to amass a lot of shares and hold them as the price is going to go way up.
Kodiak seems like a kind of cloaked company as to where there funds come from and their intent. (not even a website as others have said)
The other big WTF is we are trading at .065 and we know there is a merger of some companies and the ELOC has more or less been approved and we have a special SH meeting in place and what other things are on the table.
It is very clear that some SH are not thrilled about the ELOC or we would not be @ .065
However I still think this thing is going to go through the roof and we are scratching the surface with news.
I get crap every day about this stock being a dud but I can't buy into it.
As I said before there is a buyout in the works, to me that is a given but I am not smart enough to figure out why the ELOC unless it is more or less a loan taking part of the company in trade to process some more diamonds before they fully commit to the buyout.
We may hear soon about the buyout and it being conditional upon results of DMS to come and the buyout price.
If the buyout price is 5.00 (to just throw a number) conditional upon results then it is concievable we would go to 3.-4.00 or more just on speculation that the results are there and a person would cash out on the difference.
That would explain why dianor thinks the share price will be a lot more when they do draw down on the ELOC
I know there is more info to come and I have been trying to wait for it before saying anything but you asked for an opinion or speculation of investing from where we are today and the info we have to date.
The only comfort I have is we don't know the whole picture yet and that I trust JR is looking out for our best interests so the ELOC must be good for us in the long run.
If news comes out this week or next that sends this skyward like I expect everyone is going to want to be invested as much as possible.
I still would not sell 1 share at this point.
Just speculations and we all know how rampant mine can be.