Reality bites Soho shareholdersTaheuheuto is a great project and is worthy of developing into a mine.
The problem is that Soho has not negotiated a partner to do this.
It is painfully obvious as a shareholder that has lost about three plus years of my life in this investment and 90-95% of my capital that Soho shares at .05 suggests that only insiders and the latest large shareholders are making any headway in this company.
The company has no money to devleop Taheuheuto-not even drill half a dozen holes for pre-feasibility status.
We are supposed to believe that the new silver project can be developed -without funds.
I have had 150,000 shares in this company and associates have many more times this number.
Can any shareholder please tell me how Soho is going to stay solvent and develop these projects without financing and diluting out the average shareholder that holds this company up and has helped it to develop Taheheuto?
When will the dilution stop and partners brought in? Why does manangement believe average shareholders should continuously suffer for their projected dreams?
At some point in time the shareholders have to be rewarded or they just quit buying shares-ooops,looks like that is the case now.
Can management share Taheuheuto and stop diluting the average shareholder?
I mean,give your investors a break and share the wealth.We have suffered long enough.
Objctive Capital did not mention the repriced options:
The company currently has 131.1 million shares outstanding,
an increase of over 25 per cent from our July 2008 valuation. This has a strong
negative impact on our valuation.