RE: RE: Letter From MengiIt don't share your view necessarily. While it is unique and unconventional, it may be the best way to raise money without further dilution. RBYC is doing the same thing, as the recent stockhouse article mentioned. Based on the recent 10q I believe that it said that $6+ million still existed from the PP. That will probably take the company to the spring. They will need more money and another PP will be difficult as I doubt that they could raise the $15 million+ needed for the next year of drilling. I don't see there being enough interest for that route. The thing going for us is that Mengi is the largest shareholder and probably wants some value for his shares. We have some issues and hurdles to clear for sure, but at least the company/board released a near vision for company progress and is looking at creative ways to completing the drilling. There is quite a bit of risk at this point. The higher the risk, the greater the reward. Somebody still likes the potential as there has been an uptick in volume this week. Over 340k traded so far today.
IMO of course
JJ