RE: Current SituationGood post Jerrio,
You are correct to be concerned about coming in at these prices.
The exercised warrants were for the acquisition of 51% of Sardine Hill by Mulgravian. Mulgravian is systematically taking control of several gold bearing properties including Sardine Hill, Five star, Black Banana, Whana and the other GSR plays. We know that Mulgravian=Wallster and we know that Wallster currently owns over 15% of Shoreham (on SEDI). So whether this stock is at 35 cents or at 10 cents, he is going to exercise his interest.
On top of this, I believe a poster here had a friend who went to the agm. He stated that Stanyer was appointed Chair and COO through Wallsters actions at the AGM. Stanyer is part of the Wallster group.
My point to all this? With that level of control over everything in Shoreham, the stock price could sit at 35 cents or below forever. It is even possible that a vote could take this company private upon news that drills found mineralization at Sardine Hill.