RE:RE:RE:RE:RE:only idiots willNewClassA thank you for your response to my post.;I would like to open up this discussion i with a few more thoughts on the 3 cent financing and the insults that were directed towards the officers of this Company.<br /> I went to the Torch River Website and examined the details of the Financing and made a few of my own observations which were as follows:
1. The financing &nbsp; raised $75,000 at a cost of &nbsp;2,250,000 &nbsp;shares with warrants to purchase a further 2,259,000 shares at 5 cents until &nbsp;May2014 &nbsp;or at 10 cents until May 2015.<br /> The subsciber also has the option to buy shares at 20% discount to the Market by investing a further $900,000 in the Company.<br /> <br /> My thoughts on this are that whoever got this deal must be very close to the Principals of this Company as &nbsp;the deal with the shares alone was very generous and the 20% discount on future purchases was the icing on the cake . One has to wonder generally about Private Brokered deals and whether &nbsp;they should be solicited from everyone who shares an interest in the company to minimise the dilution.<br /> <br /> One point I would like to correct you on is we are not looking at a dilution of 30 million shares as the future shares are based on the shareprice ...for example if the shares are 10 cents this subscriber could buy at 8 cents a share. So rather than a 30 million share dilution a more &nbsp;logical figure might be 15 million /<br /> <br />
2.I think stockhouse should caution people who specifically name people and question their character such as we saw here on a &nbsp;Public Forum. I agree &nbsp;that &nbsp;there could be is some bitterness between &nbsp;the directors of CCB and TCR due to &nbsp;Olgive and associates leaving CCB but &nbsp;I have no idea of the circumstances of those differences if they exist.
> 3. I have heard ,like others, that the TCR properties are more valuable than those of CCB but this &nbsp;is definitely not reflected in the market price with CCB trading at 3 times the price of TCR with more shares outstanding
; In conclusion if it is the private investor selling I would doubt this as he or she would not want to slow down the growth of the company having been given such a good deal but &nbsp;sometimes where money is concerned loyalty does not exist, it can be about greed....I think with further &nbsp;positive developments &nbsp;the future for this Company looks really good and with recent volumes being reasonably high there &nbsp;is some accumulation taking place. Also there has been no selling by insiders who have been subscribing to financing the Company in the 7 to 8.5 share price range.<br /> <br /> Obviously the Principals read these posts as I have noticed they updated the Website.......maybe IR should post periodically with the knowledge they have, I am sure many of us would appreciate this. Thanks