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Azteca Gold Corp V.AZG

Gold and silver exploration


TSXV:AZG - Post by User

Bullboard Posts
Comment by hkaasknownon Aug 11, 2009 2:18pm
304 Views
Post# 16209573

RE: RE: RE: Something else to think about while we

RE: RE: RE: Something else to think about while weIt would have been either a private placement (likely insiders buying most) to raise cash to pay the drillers, or remove the middle step and give the shares directly to the driilers. Obviously, the difference is, insiders not adding more share, and driilers willing to take the shares instead of cash. Could it that ASC came down on AZG and said the management was not allowed to participate on next PP, so AZG asked driilers to accept shares instead? Definately a vote of confidence by the workers. The flip side is that the insiders did not want to add more shares, and drillers had little choice but to accept the deal. Who knows...
Bullboard Posts