RE:RE:Anyone else get their Management Circular?cyberman wrote: hey there likeike, nope didn't get anything myself but did read all about it online.
here's the good part though, if they don't exercise those options sooner those 25 million shares will be pro-rated upon my eventual prediction of a 3:1 split....75 million shares LOL but if it gets to that then surely it'll be worth it, and if all goes acording to plan folks will get filthy rich.
i feel good that we are so incredibly well funded and we aren't getting bloated as of yet, i watched Harte Gold from real early on, they now carry 1.04B shares, so that's what i see here, issuing to 300m shares (we need 20+ drills asap for some exponential exploration) x 3:1 split for 900m shares total, eventually, the biggest Mines in the world can support that easily, only snag i see is if they sell QN and we get fair value at the time.
woof LOL.
likeike wrote: I got mine on Thursday and read it thru.
Found it interesting this last couple of weeks with everyone so focused on the 4.* mill
shares that now put us up to 172 mill shares fully diluted that no talked about the options.
I was really surprised how many were not up to snuff on flow thru shares giving exeception
to Americans who do not see them down south.
In my reading had forgotten that of the around 15 mil of options we have outstanding
Collin Kettel has 7.5 mill if fully excercised for a 21 million cost.
Craig Roberts has 3 mill if fully excercised for a 4 million cost.
They are all excercisable until 2025 and from just these two dudes have
an extra 25 mill added to the kitty. MEOW MEOWIE OWIE IKE
What are you smokin there cyberchild. Lol Why on earth would they split the stock. It's only at $9 a share and there is plenty of shares outstanding. And they don't need 20 drills when the labs can't even keep up with 9 drills. Lol. They have got enough drills at Queensway North but they could use 3 or 4 drills on the Queensway South once they have some solid targets established. No need to split the stock. If there isn't enough liquidity they can issue more shares at higher prices and raise even more cash. No need to split the stock. Definitely not. That is a big FAT NO!!!!