ECUADOR GOLD AND COPPER CORP V.EGX

6,000,000 shares off the table with the expiration

[BrendanC]

of some of Dellars shares on Friday.

[nightcrawler000]

Is this a good thing or has Dellar just given up?

[riskmanager]

From the FS, i see that the next 6M os warrants expired in february  Warrants Outstanding and Exercisable (#) Exercise Price ($) Expiry date 5,952,381 0.35 November 28, 2015 5,952,381 0.35 February 6, 2016 6,673,933 0.369 December 31, 2015 1,600,000 0.10 December 15, 2016 400,000 0.10 December 22, 2016 So if i'm correct, almost all warrants are expired? Which shares are you talking

[BrendanC]

Im not sure which ones they were but thats still 6,000,000 less outstanding than before. No, he has not emailed me back. I resent my email a few days ago. He is always quick to respond so Im not sure whats up. To me, this is a good thing. We have some money right now and the less shares the better. I for one would like to see news and gains instead of a Reverse split right now. I hope I am right.

[SK0009]

What do we mean by expiration? Is it buyback? Who will pay for the shares? EGX?

[BrendanC]

The warrants were bought and could be cashed in at a target price or when they expire at a target date. They expired.... The shares come off the table and deller gets (I believe) a loss.

[nightcrawler000]

I keep reading the words Reverse Split more often on this board. Not a fan at all... Why don't they just start putting out some positive facts about the company and resources... especially leading up to PDAC, which is in a couple of months. (Remember Ecuador Day at PDAC last year! lol!)

[BrendanC]

    I think Heye wants to get more 3rd party investors onboard. Deller got in very low and I don't think he is at a "huge" loss but I also don't see him filling the coffers of EGX without a glimmer of light at the end of the tunnel. If they do a Reverse Split, it technically doesn't hurt our share value other than the typically small selloffs that happen with a RS