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Bullboard - Stock Discussion Forum Advanced Explorations Inc. ADEXF

"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."

GREY:ADEXF - Post Discussion

Advanced Explorations Inc. > Bankruptcy options?
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Post by crazyanalyst on Apr 04, 2013 9:04pm

Bankruptcy options?

What happens in the case of a bankruptcy here?  Does Roche Bay PLC get full ownership back?  And a completed feasibility study for free?   If not, how do you think Ginger will raise money to continue paying salaries and office space in the least?  It's impossible to dilute at these levels without issuing a billion shares.  Massive rollback?  Does anyone have any likely scenarios of the next 6 months?
Comment by rpdeluca on Apr 05, 2013 9:33am
Crazyanalyst it is quite simple.  The decision of project financing, a rework of the framework agreement and a signing of the JV are all inter-twined and in my opinion very close to being finalized.  When I mean finalized, I mean a final decision-yes or no.  It is very simple.  There are no more options on the table and the plan of RB and the entire Melville peninsula have been ...more  
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