RE:RE:RE:slowly..... Mac I agree with you ..... another financing at these low prices is a scam.
mackvorkian wrote: Early, based on our past experience, you may well be right. Maybe I am just too optimistic. Why SPA would need $1800 Gold is insane, but you may well be right.
I was listening to the Sprott Money Weeky Wrap up with ES and Craig Hemke yesterday on Friday June 5. Eric was particularly vocal regarding the bogus jobs numbers. He made mention that the Shorts are still screwed. Its amust listen! I have noticed that the paper selling / manipulation has gone into overdrive. These guys are so far underwater that it would be a herculean feat to get Silver down to $13, which if I remember correctly, Ed Steer said, they need to get it to to get out.
As for news from the company, I am not looking forward to any lowball financing. I am not looking forward to any more of the "hero" financings in which the insiders put up their own cash to "help" the company or the "bail" the company, at highly dilutive cheap prices, thereby securing even more cheap shares for themselves. Want shares? Buy them in the market.
It cannot be argued that they did anything to enhance shareholder value. If they did, the s/p would be at 30 cents minimum right now. These guys have no respect whatsoever for the retail investors who own 55 % of the company.