SEGO Resources Inc V.SGZ

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[Goldy63]

$SGZ was founded in 2007 and it has spent most of its life subsisting on a shoestring budget. Evidence of this is the still very low float and the fact the stock has not once been consolidated. The share price has only rarely seen days above 5 cents during the past 6 or 7 years, or at least that was the case until it finally broke through to higher prices in May on the news of this new discovery. We knew the company had very little money and in spite of breaking through to these multi-year highs it did not do a financing to fund Phase II drilling. Insiders instead elected to exercise warrants, these warrants which already represented existing dilution. By extension, this helped to preserve its relatively small float. If these next four holes live up to our hopes, this may prove to be the ballsiest corporate decision I have ever witnessed. And not in keeping with the practices of most Venture-listed companies, this would go to benefit ALL its shareholders, not just a few insiders, friends and family as is the normal course. Extra incentive to hope this latest drilling is met with success.