RE:RE:Hi Everyone!!!Oups!!! I made one mistake. Morro Bay Resources Ltd has like
Basic Shares Outstanding* 51,979,950
* Assumes 5 million shares are issued for Private Placement on closing.
I figered they had like 31 Millions shares fully diluted. RBC Direct Investing information is ALWAYZ wrong about that kinda stuff so I should had known better. Sorry!!!!
That is quiet a lot of shares for basicaly a starting up company huh???
If Morro Bay Resources Ltd stock prices is still like 11 cents they will need to place like 27,272,727 shares to raise only like $3Millions for next year. Lots and lots depending on EVERYONE buying up Morro Bay Resources Ltd stock price to get to 2015 without big big big dilution huh??? To bad they can only option only like 65% of the project they are exploring and spending on. Maybe EVERYTHING will be find and they will not need that much money or lots and lots of people will buy those shares up. I dunno.
Have a GREAT DAY EVERYONE!!!!!!!!!!! YEAH!!!!!!!!!! ^_^