Retail investors need to do serious DDSister company SLT (same management team as NAG) has only a few thousand dollar cash left (annual report ended May 31 2008), last November, Charlie talked at radio interview that SLT had 3 million dollars in the treasury. Remember, after the radio interview, SLT just had PP,options, warrants of 16 million share dilution.
In another word, SLT not only spent 3 million cash but also used up all proceeds from the 16million share dilution.
I could not believe myself, I was completely stunned.
NAG Q2 unaudited statement (prepared by management) shows that NAG has 1.7 million dollars.
How much cash will NAG have on the audited statement, especially after all these acquisitions & permit expenses?
PS. I like my name Mars 55, Mars- a red planet (Roman- God of war), a well balanced 5-5
Saturn is a giant, but low density GAS planet with small particles of rocky debris and dust as the rings.
Lol
I don’t need to forecast NAG’s SP…