Deep pockets?????An intelligent poster said that the meeting in Quebec was about meeting people with deep pockets! Huh! About meeting people with deep pockets! That is like saying that they have burnt their money and looking for more. If this is true what type of financial instrument are they seeking?
- Debentures/Bonds - that will be a high interest rate of say 25% per annum because it would be of a junk like status. Ever heard about Junk Bonds??
- Another Private Placement Offering. Because of the recent price performance they would have to offer 0.07$ or less. Or pump the stock to 0.25$ in order to offer a higher peice. They want you to buy at a higher price
- Here is the kicker. The warranty in the last Offering I believe is 40Million ( like in millions) at 0.10$ .That means a tidal wave ( pardon my age,) of cheap shares
So, what is the point? Why shouald the Retail Investors pay more than 0.10$ .Okay I will give a good reason why they should NOT! The Retail Investors will make the Private Placement holders richer and they in turn will become poorer
New Investors! Are you happy with your return on this stock? If the answer is yes, then buy more. On the other hand, if the answer is no then use your common sense