RE:RE:RE:RE:Very kind VEN...Don't know if you know but Jay Taylor was in this one at 27 and then sold out at 11. Then name change, changed managment and great drill results came out so for now Jay is still on the fence but there is money to be made so he could get back in.
Perhaps things have changed from the last mining bull market run i was in but from my experience a penny stock asking for a million is normal and really there is no reason to get in because every penny stock can get that small amount of money. If that penny stock does well and you got in, you got lucky.
A penny stock asking for $8 million (27% of their market cap) and getting it is a different story. Any smart speculator would stop to take a second look at such a financing giving to a penny stock because most never get that kind of money. It should mean they have something very likely or more likely in the works. Anyways' that's the way it use to work! Always DYODD, GLTA! and all IMO!