Burnstone Ventures Inc. BURNF

Management

[culjack]

Well fluff is there anyone left here to steer the ship or more to the point keep her afloat.I think most passengers headed for the life boats long ago.Guess I will hang around and see if it makes a good submarine.

[nofluff]

I am not certain Cul. If you are loosing sleep or joy. Since I imagine you dont have 10g invested-I would suggest you sell and quit the Venture game. It is hi risk. Most loose. nf

[culjack]

Thankfully only 6g here.Uranium is starting to look up though. Is it correct that KGHM has 25% of BVE???

[nofluff]

Not kghm. Abacus loaned them 250 thousand and took the property as security. So BVE has a MC of 500 thousand at a penny. So Abacus actually lays claim to half the property. at 2 cents they have a qt. Which is fine with me as I am an Abacus SH. The idea is get the BVE sp up and raise some money to pay the debt. What will happen in the near future? I have no Idea. I just know the world needs the

[culjack]

Thanks for info. It sure went for nothing.250k to pay some creditors then walk away????

[nofluff]

Hey cul!!!!!! I do not think it went to creditors. I think it paid our commitments the lease holders. 150 thousand. I think the other 100 would be spent on some property evaluation. Most of the creditors have agreed to a nickel pay out. So we are a million plus in debt to cover at a penny. At 5 cents we are likely half mill. The exorbitant prices charged by engineers, consultants, service