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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by stockarchangelon Aug 06, 2008 10:46am
200 Views
Post# 15361513

RE: BINGO...

RE: BINGO...I'm not nitpicking at all.  After reading that 8K, all I'm sure about is the BOD ratified and approved the terms of acquiring the property exactly two days ago, and the BOD has some new members.  Which begs the question, if the acquisition was closed on June 30, how did we enter into a significant material agreement without BOD approval prior to this?  Also, the line "In consideration, the Company is required to pay Mr. Maita US$1,000,000 upon signing of the Agreement" strongly suggests the agreement is not yet signed.
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