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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Saturn4on Dec 24, 2009 1:20pm
443 Views
Post# 16617998

RE: News Release

RE: News ReleaseMore money in the till!!  ... to be honest, i didn't like the idea of loaning money to ZNR and then having to do a PP for NAG ... if that money was sitting idle, then I would have no problem loaning it since I think NAG got interest on the loan.  BUT, it could have been used, as we all know, instead it was loaned and NAG had to do a PP and diluted its own stock.  Maybe we still needed to do a PP regardless even if not loaned, but the 400K could have been put to good use for our own company ... just my opinion!!  I may not know the full facts re the terms of the loan, why NAG loaned it to ZNR etc. etc.  But, from what was reported ... I didn't like it!!!!
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