RE:Trading since July 1st - interesting...I am not sure that you fully graps the gravity of the situation.
1) It is comming on winter, do you really expect much drillign to happen in Dec - Mar?
2) With what money will they be drilling?
The company raised 1,080,000 up until the first of November. Thier current liabilities where 787,000 back at August 31. That leaves them 307,000 in the till to play with. From that 307,000 they had legal fees pertaining to the debenture that they botched. They have salaries to pay, office expenses, exchange fees, claimes maintenence fees and so forth. Thier burn rate was 36,000 per mont for the 3 motnhs ending August 31. So the burn rate now could be assumed the same. So that 307,000 is not reduced to 200,000. So they have 200,000 to keep the lights on and go drilling.... do you see a problem developing here? Hmmmm??? anyone see a problem here? For Farshad to go drilling he first needs to RAISE MONEY! You can post all the penny flipping trades you want and try to convince people that the stock is doing well but the financials tell the tale and the trading activity was people in the know dumping as new money bought the stock up in its run from 3.5 to 10 cents. A new round of suckers was born this summer past!