OTCQX:BGMZF - Post by User
Comment by
Smitty2000on Nov 22, 2016 3:43pm
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Post# 25497860
RE:again more shares issued
RE:again more shares issuedi like the fact that they have more money in the coffers to do more drilling and exploring. i bot in a year ago after all the bs was cleared up. i think this has lots of potential for a big gold producer. i will continue to buy more if the sp weakens any further. it has some very significant upside. with sprott and osisko invested, i like what the future holds. their property is rich in gold.
Lenard49 wrote: When I purchased shares back in 2010 there were 56,561,131 shares issued. Since Sprott and company got in, the Feb, /16 Financials indicate shares issued as 270,542,168. Equity becomes 20% of what it was and the share price reflects that. It went from a little under $2.00 to $0.46 yesterday. Now we see 10.5M more issued. These clowns keep digging a deeper hole and forcing down the equity position of the shareholders.
The only winners here are the major shareholders who look after each other and some employees. Sprott and Osisko are the winners.
Somewhere this bilking of the shareholder has to stop.