GREY:KSKTF - Post by User
Comment by
rofion Apr 01, 2011 9:12am
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Post# 18371966
RE: RE: It seems many warrant holders
RE: RE: It seems many warrant holdersI bought in yeterday, but only because of price. Highper is is quite correct in his assessment, IMO.
Over the past year Kiska's stock price has ranged from $.75 to $1.74. And they just did an offering at $1.15, plus warrants? Give me a break. The whole point of early stage fund raisings should be to minimize dilution. Tower Hill has about 115 million shares out, 20 million ounces of gold and counting, and a 10 dollar stock price. Kiska, with a similar type deposit, has 100 million shares out and a sub-one dollar stock price. What do you think their share count will be when they prove up 20 million ounces, if they are so lucky?