TSXV:MIX.H - Post by User
Comment by
WEHon May 11, 2004 4:11pm
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Post# 7471564
RE: some updates on website
RE: some updates on websiteYes Dale things are looking like MIX will need some serious CASH to complete the three projects that are under way to get things done. Not so sure that investors will be so willing to part with CASH on the next go around .. and that go around is coming sooner than you may think. I can see things coming OH so close to fuition but falling short because of funds and someone else will step in and take over on a share dilution of 50 % thus .14 cents a share. 750,000 director share options at .20 sitting out there so koodoes to those that had the guts to vote against that procedure. I noticed that the Consulting fees (wages) doubled from 55,000 to 98,000 in six months the prof. Fees also doubled and there was a trust fee of $ 13,000. Timesthese figures X 2 for a yearly Look and I'd say $200,000.00 for wages and Directors Fees Hmmmmmm only one employee and I am sure he does not Pull 50-60,000 so someones gotten a good raise I'd say. The longer this takes the more costly it will become from the point of view of getting investor input ... CASH back on the table and thus a refection in share price Bid and Ask. Just my penny thoughts.
WEH