Fantasy Mike Excuses Decoded:
1. The labs are late.
They really came back weeks ago and we missed all our targets again so we buried them in our director's desk drawer hoping people would forget about them.
2. It is market conditions that drove our stock price down.
No one believes a word I say after spewing nothing but BS to investors for the last 3 years. Oh and I can´t find any gold.
3. We have visible gold in NB!
I was staring at one of the miners' gold tooth working who was digging holes.
4. After 2 years of finding visible gold from our drill program in NB we are back to trench.
I didn´t find sh*t the first time and Troilus was such a huge flop. Where else am I supposed to look?
5. We have allocated $3 million from $200K in the past 2 years for future drill programs. It is captured on the balance sheet as an asset since it is a deferred prepaid expense.
Woo hoo, I can't wait to spend that money at Temptations resort and buy me a villa in Costa Rica. Investors do not look at financial statements. They are clueless.
6. The board and I are waiting for the right opportunity to purchase more shares at this wonderful discounted price.
You would have to be nuts to buy more shares of XTT. We couldn't find gold in Fort Knox.
7. Lithium is the next big play. But we are analysing our options further on those claims.
Why waste time there, I only have 2 months of cash left on the books. The sooner this thing goes bust, the sooner I will be in Costa Rica with my 3 million!
8.We chose to explore NB again because we found a huge vein there 2 years ago.
Vein, LOL, these uneducated investors will believe anything. The vein was so massive, I still couldn't hit it. Just like at home in the bedroom.