Post by
marktur on Jul 11, 2011 8:41pm
Opinions please: Private placement
VST finally came clean wid da bad news. Now with that outta the way the management can go to financiers and issue them say ur.... um..., 100 million shares at .14 to .15. cents plus whatever warrants the financiers will demand. Then maybe they can announce a drill date once drill site/pad is constructed. Such is the price of failure and lack of transparency. Would'nt buy none till I here what the price of the private placement will be. Then go a couple cents less. Could be much later in the year till any drilling annoucement.
Comment by
Kurd30 on Jul 11, 2011 9:12pm
Nobody knows what is going with certainty, but we know that they dont have enough funds to carry any plans so they will be raising capital. At what price is the question. I believe that drilling will be delayed further by probably 4-6 months.
Comment by
maysteeler23 on Jul 11, 2011 10:08pm
Looking like VST will come into the mix. And a bad day for VST is a good day for LFD... Sadly. Now managent will start focusing on LFD. LFD shouldn't have come down today.