Reality bites Soho shareholders 2I hope that Ralph can find a partner(s) that takes a percentage of the project without further dilution to the average shareholders.
No company can repeatedly, massively dilute its shareholders and expect new investor participation to increase the share price for the company.
The old shareholders simply empty out at any price available to them.
In this case that is what Soho shareholders have seen to our share price/investment despite the robust nature of the Taheuheuto project.
Memo to management-
It is no secret why Soho shares hover at .04 and .05 :
The Company will issue 25,000,000 units at $0.04 per unit for gross proceeds of $1,000,000. Each unit consists of one common share without par value and one whole transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company and is exercisable within a period of two years from closing.Each warrant is exercisable at a price of $0.05 per share until February 2, 2010......
https://www.sohoresources.ca/news_view.php?id=15