RE:RE:RE:News Year End Outstanding Shares
2004 32,177,000
2005 42,677,000
2006 44,174,000
2007 59,969,551
2008 61,545,551
2009 70,145,551
2010 93,798,701
2011 103,508,601
2012 143,980,004
2013 143,980,004
2014 145,755,044
2015 193,682,317
2016 273,000,000
From October 2015 to March 31, 2016, 127 million in shares and warrants will be issued. So in a six month period, the long term value of your current investment is reduced by 88 percent.
I just do not see what the desperate need is for another $7 million. This last round of drilling was supposed to bring the inferred up to indicated so they could get a loan. If not, how much more drilling do they need to do to get a loan? Have any idea?