TSX:SRU.UN - Post by User
Post by
rogerouton Feb 13, 2006 10:25am
169 Views
Post# 10349761
Share Dilution (Reality check)
Share Dilution (Reality check)162,000,000 shares outsdanding, SRU will need to finance again in the spring/summer to advance project.
SRU could see 200,000,000 shares out by Summer. (250 million shares fully diluted?).
What is certain: A lot of shares sold (re.warrants exercised) into strength in the past few months, more selling to come.
If SRU doesn't deliver on promises soon -> LOOK OUT BELOW.