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.

TSXV:SLX.P - Post by User

Searchlight Innovations Inc > Vote No

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Comment by Margreton Apr 03, 2012 3:54pm

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Post# 19754602

RE: Vote No

If you vote no, SLX has to pay $6.14 million. That is a huge chunk of their cash. Some of their cash is already restricted. You can thank management for that. Then afterwards you are stuck with the same awful management but lost $6 million.

I am 100% certain they will then do another stock issuance to dilute shareholders to get back that $6 million. It takes cash to build a larger mill and to drill. Just look at their history of stock issuance. Then they will give themselves a huge number of options as a reward for a job well done. Might as well vote no and then shoot yourself in the head lol. Sorry to long time shareholders.

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