RE: RE: RE: RE: RE: STATE OF LITHIUM AND RODINIA Dude, they issued 20 million shares of preferred stock, that's the point of my post. Of course what they did with the potash is a negative thing, they're now obligated to pay a large dividend that will forever take away from common stock shareholder returns. 20 million shares @ $.15 each = $3 million, the amount of cash that was raised. The thing is, they paid a 9% annual reward to new investors in the company, while leaving the rest of us sitting on our shares that will likely never see a dividend (or not in the foreseeable future). Dilution is dilution, whether it's preferred shares or common.
No plans to issue stock? Sources please? Are you on the board, a member of management? Do you hold shares and need the price to appreciate? They will either issue more stock, sell the company, or find a bank willing to lend them $149 million to bring the project into production (not the most likely of the 3 scenarios).