Post by
sevencitiesofgold on Aug 14, 2013 1:08pm
Share dilution
IMO we shareholders should contact the management team and voice opposition to any further share dilution. If ANY of Nolan's prior streams were making money, SME would have the cash to pay for the default. I already wrote Denver that I find it very unfair. I don't care if we get the Donner 35% stream, if we original shareholders get screwed, the ones who were faithful early on. They can take out a loan or whatever. Use their credit, or use some of the money they'll get back from Novadx.
It's time for them to stand up, take control, and fight for their shareholders. If you agree w me, let your voices be heard. It's time for them to stop ignoring the elephant in the room, and directly address these issues to their shareholders at the next CC. Instead, at the last CC, Erfan didn't even speak, and they didn't even bring up TBD, till someone called and asked about it. C'mon
Comment by
Thundersole on Aug 14, 2013 4:03pm
I don't mind dilution as long as we get revenue generated by the new money. Problem is they made a reverse split without an equity issue, they needed to make an issue that coincided with the reverse split. So they made a reverse split for no apparant reason....