RE:Number of shares in the endtippinj, dead on...
Cancana has no other tangible interests or assets than our stake in BMC.
Fully diluted we're at 117,645,141 and that's worth 26% of BMC. Rolling in
the other 74% of BMC would add 334,836,171 shares for a grand total of
452,481,312 shares. Current and future share price is not relevant because
it's all based on the percentage share of the pie.
That means, down the road when the exit sale occurs, we'll see $1.00 per
share for every $450 million in selling price. So, if we get at least an old
Woodie Woodie price (was it $1.3 billion?), that would net 3 bucks a share.
With what's happening here, I would expect a much higher sale price.
$5 a share doesn't seen out of place at all!
What we have to do is not let our current ownership percentage (26%) fall
any further. It shouldn't, because next year's warrants will cover our $2.6
million loan from Ferrometals and of that loan we should still have enough
expense money to keep current with Ferrometal's investments in BMC. This,
provided Ferrometals/Sentient isn't actively manouvering to reduce our share!
AJ and the rest of the board ABSOLUTELY MUST NOT ALLOW anything to
whittle away at that 26%. Slow down the exploration if necessary until sales
revenue covers the expenses, as was supposed to happen, if I recall...