Alexandria Minerals Corp ALXDF

RE:RE:Re: Founders Group

[Galley1]

Schmoby wrote:

Goodbadandugly wrote: Good point Galley!! why hasnt ES exercised his warrants? not necessarily for more voting
shares, but more importantly to HELP Alexandria out of the financial burden they are in and 
to continue a very successful drilling program.  Hmmm.
Another observation, why wouldnt the current board of directors sell Alexandria's
Probe shares for much-needed cash influx? Instead they spent Azx's money hiring:
Private Investigators, Strategic shareholder and communications advisor, Legal advisor,
and Financial advisors.
Pany- I feel your frustrations.

I don't know of anyone that exercises warrants out of the money and pays a .02 (28.5%) premium, exercise price is .09. He'd be more inclined to encourage another PP at less than .07 and new warrants lower than .07 with a restarted expiry date. I don't think ES is out to HELP AZX at a financial disadvantage to himself, that's just not the way it works.  

The amount of money that would come from this scenario is negligible anyway, no meaningful drill program will be done with a couple of million unless you like gambling, might be enough for the lawyers wrap things up and keeping the lights on etc for a while longer.  

Hopefully everyone here is in at lower cost average than .07 or at least not fully invested with their homes or pension money because if they are they'd better get their sh-tting pants on.

I thought your position was 95K shares at .08?