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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Comment by FKlosteron Nov 25, 2011 11:43pm
221 Views
Post# 19269262

RE: yesterday presentation

RE: yesterday presentation"He said it's more easy to get the money they need when they have a float of at least 100 M. "
According to their last MD&A on sedar the fully diluted shares is 289723869 or common shares of 238524984. If we do a RS, well, you can do the math. Management is doing a great job for the shareholders that have supported this over the years. Money to be had at these levels but not for any shareholders that held in the high teens ot higher IMO. Now if management actually sold some of their shares to raise capital THAT would truly show that they believe and support the company and the decisions they are making. Put there money where their mouth is. They make a good salary (too good IMO for what they do) and they could sell the shares they currently hold to raise capital. I am sure they would not want to take the hit though on the shares they hold.

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