Searchlight Innovations Inc T.SLX

Primary Symbol: V.SLX.P

Searchlight Innovations Inc. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to potential acquisition or participation by completing a qualifying transaction. The Company has not commenced commercial operations. The Company neither engaged in any operations nor generated any revenues. The Company is focused on acquiring business across the mining industry.

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Searchlight Innovations Inc > 3Q(?) RESULTS.......

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Comment by M139on Nov 09, 2011 8:54am

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Post# 19221524

RE: 3Q(?) RESULTS.......

Pretty decent with silver priced at $30 and Gold at $1500 taking in the recovery rates ballpark is about $4.5MM gross. Nice quarter for a startup operation.As for the insider selling, a bit of a goof I think but could be getting money for more options or maybe warrants (not sure need to revisit the exercise price on those) but insiders have exercised options at .30 so decent profit at .50 even if it does go much higher as I said he could be looking to exercise some warrants.

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