RE:RE:There isn't anything in this NR PS Do you think Cunninghsam gave any of the 900 million tokens they have (got them for free!!!) to Eric or his associates??????
Why would Eric pariticpate in the subscription for the 100 million tokens if he wasnt getting a cut of the 900 million tokens the Cunninghsams gave themselves???????? In the white paper they clearly state they will be giving away a portion of the 900 million toknes.
The disclosure is murky imho......................................................
Larry60 wrote: Fastrade, I agree.
All the NR tells us is that Cunninghsam appear to be nowhere close to raising even the measley $60 millioin!
As for Eric "participating"? How much is the questions!!!!!!!!!!!! He is cashing out $30 million on this deal. If he rolls over the full $30 million, great sign!!! My guess is he would do prorata at most based on AMK holdings. So $6M (canadian).
My take???? They are NOWHERE on the token deal...........................so they twisted Eric's arm to "participate" so they could put it in a NR and try and catch some wind.................
FastTrade wrote:
that has substantially changed the position Eric Sprott has taken with Cunningham Ltd.
Why not provide some details instead of just giving us an announcement of "an exempt offering of its NGTGOLD Token, pursuant to available exemptions under Canadian and U.S. securities laws, which has garnered an investment by Mr. Eric Sprott"
All that is - is another runaround the block in not giving us in that if they were able to give us what's actually been proposed from the start. .
This in essence is much the same positioning even postering from previous NR's.
"Cunningham Mining Ltd has been working towards actively securing listing placement for the NGTGOLD Token on multiple cryptocurrency exchanges worldwide."
Why release an NR showing their hand they have come no further ahead with this venture than where they were months ago other than to simply stay in the loop.