RE: RE: Is it all about the voting?Well, here you go workinman... Here is a look into my crystal ball:
LIQUIDITY AND CAPITAL RESOURCES
The net loss from operations for the quarter ended March 31, 2009 was funded with cash reserves, receivables and the issuance of capital stock. As of March 31, 2009 the Company had net working capital deficiency of $906,750 (2008 working capital- $1,385,203). Current operations will be funded by the issuance of capital stock.
Cash Flow Requirements for Next 12 months
Exploration programs $2,750,000
Claims and Concessions Fees and Taxes $ 400,000
General and administration $1,450,000
Total Estimated Expenses $4,600,000
Now lets see... how much work have they done since this information was released?
Answer: A lot more than their PP's could have funded.
Fact is kids, AZG is funding 100% of this project and they can not afford to. Royal Apex owes them 50% and they are taking their sweet time getting around to doing much of anything.
This isn't some "sweet deal with Ruen" or some way to "get more votes so someone doesn't take them over because the motherlode is in them thar hills!!!"... seriously, its starting to sound like you guys are insane.