Peregrine Diamonds Ltd. PGDIF

Suggestion: To Long Term Holders and Public Market Float

[justanormalguy]

I recently read an article on how the share price of a technology firm on the Venture is climbing rapidly because of the high demand for shares and the lack of supply due to insiders holding their stock very tightly, and a good product produced by the company.  I'm starting to get this feeling for PGD.

I for one would be very interesting in putting a maximum % value to the public float, ie. number of shares traded regularly.  I think Ekim estimated previously that we stockhouse users hold about 10% of the shares.

I get the feeling that the public float is diminishing, demand for the stock is/will increase and if combined with positive news on spinco and the caustics before warrant exercise date, we might see a nice jump in March.

I think I can speak for most people that EKIM has the utmost respect and trust on this board.  If EKIM agrees to compile some data confidentially  and the long termers provide such data in an honest manner, I would suggest we do the following.  Otherwise, perhaps John Kaiser or Will P. will take this on by providing their personal email address to those who wish to participate on this board.

TPF = Total Public Float (shares that trade regularly, short termers, daily traders, penny guys)

TPF = Total Shares Outstanding - Shares held by Big 3 - Shares held by Insiders (Directors, Officers, etc.) - Shares held by Large Insititutions (Dundee, Debeers, etc.) - Shares held by Us Long Termers.

Let's keep this simple:

Long Timers:  Those who currently intend to hold their shares pending bulk sample results and for minimum 1 year (arbitrarily chosen) or until value reaches $1 per share

Procedure:

For Long Timers ONLY: Private message EKIM 1) number of shares held 2) number of warrants held and expected to be exercised if share price above 21 cents

EKIM to compile the data and then Private Message each of us who supplied this data 1) % Public Market Float before Warrants 2) % Public Market Float fully diluted after Warrant Exercise 3) Number of People who provided data to EKIM

While this is not perfect, we'll get a number which would be the maximum % of the public float number, and would not include anyone who chooses not to participate and those not on Stockhouse.

Thoughts anyone?

EKIM, would you be prepared and willing to do this?  I feel you have the most respect on this board and the most knowledge.

Let's give say till Wednesday for people to Private Message you if you would agree to this.  If not, no problem.  I'd be willing to do this, or better yet perhaps Will or John, and of course keep all information and details completely confidential.

[pickinbottles1]

Or better yet....find out exactly who holds the paper and how much....pay and get the info. Update this info every year or what ever timeframe you prefer (by paying again). This OBJECTIVE....what you described is terribly SUBJECTIVE and would hold zero value for anyone doing proper DD. JMHO. GLTA Pickinbottles