Charles Taylor Group Plc V.MQL

RE:RE:RE:New debt financings

[roscoe74]

filefish wrote: Well, it will give the Company an opportunity to show what they can do in terms of drilling without their hands being tied behind their backs by the bank. Expensive financing yes, but the alternative is a lot worse. Interestingly, if the reverse split goes thru, the Company will only have 14.5 mil shares outstanding. We are now set up for a long term kind of investment , if thats what ones cares to do in the case of MQX. If you believe Michichi is as good as they claim, then hold on to your shares.  

Or, with only 14.5 mil shares, they sell shares every chance they get to support their lifestyle and fancy offices, diluting shareholders and burning cash on interest payments. Former AOS shareholders must be unhappy to see their 30 mil disappear without a trace.