RE:RE:RE:RE:RE:RE:Is This The Same Greg Gibson???traps7 wrote:
halcro,. ..question:::..do you think the major share holder of san shares waiting for bankruptcy closing , well take san private or restructure and again flowthrough enough funds and deepen the shaft......PS,. a new spankin mine with high grade infront of production crews...in my opinion , ready too turn a profit..now that the work is done.. TIMING is everything ...the drills were friendly.
Erm,..Traps: the major shareholder of San shares has no skin in the game. In the same boat as the most-minor shareholder.
The company is a shell: halted, no directors, no assets (but lots of liabilities).
It's possible that God could resurrect this company, but why would He bother? He ain't got no skin in the penny-stock game.
Someone, at some time in the future, could buy the liability-less company from the trustee BUT, the first thing that would be done is to roll back the shares on a 1:10/1:20 basis and then vend in a company and issue a couple of million shares to the vendor.
Existing shareholder: 10,000 shares would become 1,000, 500 and the results from the vend in would reduce all of the existing shareholders to about five per cent of the issued.
Alas, the drill is the friend of the driller.