GREY:WFEMF - Post by User
Comment by
Adrammelechon Feb 14, 2014 7:52pm
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Post# 22212911
RE:RE:RE:RE:RE:RE:RE:RE:RE:Preferred shares
RE:RE:RE:RE:RE:RE:RE:RE:RE:Preferred shares
I do believe smoke and mirrors but for different reasons. Two things bother me but I will back up why I wouldn't sell now.
1. How can you make prefered shares without allowing anyone else to get involved?
2. The release states they can make as many shares as they want, each with voting which Zukerbergs anyone who was against them.
The other side:
1. What penny stock has prefered shares? What does Dundee calculated as potential here?
2. Dundee is not going to lose money, most of us are in at less average than they are unless they dilute us out... I think too many complaints of how less than 16% of shares can take over a company so I hope this is not the case.
I think Dundee does not want IMC and is ging to dilute Korea Zinc who's dilution clause since it is based on the common shares which is a gray area right now.
As long as Dundee pays me off for a good profit I will just move on when this is done even though in the Wesson days I calculated earnings of .80 per share based off earnings and that was very conservative and I figure share value then of $3.00 (Moly included). Now this mine is at least 20 (estimated 40) years of life so think of the real value here that we actually have.
Pay me off Dundee, even at $1.50 I will take it and run..
GLTA Longs
Adrammelech