RE: Nopoo - Can I get your TEAMS.......Hi Tommer
I like the deal, we have controlling interest and Fipke as operator. Theres over $3 mil in the bank and years of information to get out to shareholders. The guys running this company and the upcoming promotion know how to get the word out.
As for control its an impossible situation for the junior when a private company controls the news flow on a JV. News Releases are the lifeblood of our juniors. They have to be released in a timely and comprehensive manner.
We're not a cash flow situation and rely on, for the most part, equity financing, therefore news releases are used to drive the stock price ever higher and higher, in a perfect world anyway. An ever increasing stock price because of the interest attracted by the promo campaign, using NR's as the center piece, enable financing done in the market to be ever higher and higher saving dilution.
The negative thing about all this is it took so long to get the deal done they financed at .10. (allthough in their defence the way its trading at the moment after the deal NR....). Its unfortunate we have so many shares coming free trading on May 20th, 35 million with 1/2 warrants.
On a positive, (if there is such a thing with a 52 million share overhang), note I doubt if the placees took down the PP to sell at .15? Time will tell the business model they use. Whether they sell the commons and ride warrants.
This is BIG news for long suffering IIE shareholders. They will chew thru the PP sellers and move it higher. I'm on the IIE train and think I'll go for the ride with ya Tommer.
Interesting header for a News Release.......
HAS Dr CHUCK FIPKE, FINDER OF CANADAS FIRST DIAMOND MINE, DONE IT AGAIN IN BRAZIL?
Kinda says it all eh?
ttfn
nopoo