GREY:GMFLF - Post by User
Comment by
gonefishing2on Jun 27, 2006 2:17pm
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Post# 11038934
RE: Heres the news
RE: Heres the newsWhy spend a half a million bucks to satisfy 43-101 requirement.They no the gold is there and they are starting to produce it!!!
With all respect Pemican21 (I believe that you did state to me previously you were close to the insiders so you could likely elaborate in more detial), you spend half a million bucks to satisfy these requirements to signal to the market that the gold is there and to increase your knowledge about the viens. It is way easier to raise cash when investors are independently assured of the potential gains. They could have spent 500K about 3 years ago, and had a lot more leverage to raise cash . Instead they have burned through about 8-9 times this and have not moved forward. The salary of G Heard over the last three years exceeds this and he has not reached one of his targets aside from spinning assets into other shell companies.
Ciao…….
I love Pike.