RE:How to Trade This Stock -4- Dumb DumbsFollow this advice if you are stuck owning shares at a loss.
You'll be ahead of the game if you break even.
locogringo wrote: The stock will go up on news of the drill turning so if you're in this dog sell on news of that. Shareholders know all companies have an XRF Analyzer at the drill site and geologists are trained to identify massive sulfides in the field. Once Jim starts talking about petrographic analysis you know they are playing delay games and they found ZIP and you are too late.
Freebies for Insiders
Jody and Zim got paid 7,999,998 shares with a deemed fair value of $93,333 plus a bunch of loose cash for claims that would have cost a few bucks to stake online. At 7 cents per share their shareholding is worth $560,000.00.
Zimtu and DG get paid a whole whack of shares spring/summer 2016.
Optionor and optionee are the same guys making decisions in their best interest. What you now have is a public company acting as an agent for the Project Generators. A 2% royalty would be the max that a big mining company would tolerate in a deal.
Equitas and the Project Generators and shareholders appear to be in a conflict of interest over the royalty. The claims have been encumbered by a deal that gives the Project Generators the gravy. There is no royalty flowing to Equitas to boost shareholder value. The entire royalty stream goes to the Project Generator.
This is the 1st Garland News Release
“In consideration for a 100% stake in the Property, Equitas has entered into an option agreement with Zimtu Capital Corp., DG Resource Management Ltd. and Ridge Resources Ltd., collectively the “Vendors”.
The Company will issue 7,999,998 shares over a 36 month period of which 2,666,666 is due upon exchange approval of the agreement. Pay $80,000 over a 1 year period of which $30,000 is due upon signing and grant DG Resource Management a 2% Gross Overriding Royalty (GORR) in the Property. The transaction is subject to acceptance by the TSX Venture Exchange.”
This is from EQT Financial Statements
Garland Property, Labrador, Newfoundland
On July 10, 2014, the Company entered into an agreement with Zimtu Capital Corp. (a company with common directors and significant shareholdings), DG Resource Management Ltd., and Ridge Resources Ltd. (owned by the Company’s president), collectively the "Vendors", to acquire a 100% interest in the Garland Property, located in Labrador, Canada. The property encompasses 25,050 hectares and is 30 kilometres southeast of Vale's Voisey’s Bay Nickel/Copper/Cobalt mine. In consideration, the Company will issue 7,999,998 shares over a 36 month period of which 2,666,666 is due upon exchange approval of the agreement (issued with a fair value of $93,333), pay $80,000 over a 1 year period, of which $30,000 is due upon signing (accrued), and grant DG Resource Management a 2% Gross Overriding Royalty (GORR) in the Property. The transaction was accepted by the TSX-V on November 17, 2014
Jim is on 24/7 watch to give the babies a daily double feeding of bunkum - not even a half-priced pint for investors that think this is the real deal.