Multi-Metal Development Ltd V.MLY

more dilutions and dilutions and dilutions

[ailyn63]

looks like babymines was not lying for once, they will need to do a new name to get financings. 31 million units, so that is 62 million common shares so we are going to see another big dilution. ugggggggggggggggggggggggghhhh guys, that is more than 75% dilutions with the last raise as well!!!!!!

feeling sad now. if they need more money for exploring it will be even more.

[JackCross]

Where are you getting this information?

[ailyn63]

it is in the news release jack. i thought babymines was lying again but he was speaking the truth

[raber]

where in the news does it say that ?

[ailyn63]

read the proxy circular raber. i am 59 and my eyes are not the greatest, but i still read it!

[JackCross]

You mean the line in the meeting agenda?: "to consider and, if deemed advisable, to approve an ordinary resolution to approve a proposed private placement (the “ICMC Private Placement”) of 31,000,000 units (the “ICMC Units”) of International CuMo Mining Corporation (“ICMC”), a subsidiary of the Company, to certain nonarm’s length parties to the Company (the “ICMC Investors”), at a price of

[ailyn63]

eggs, chickens, it makes no difference ahahah. but there is a part where they say that it is the only way they can get US funding is by making a new corporate name, so that they can push more financing=more dilution. i'm not going to go looking for it again, but you should be able to find it after that.

[ailyn63]

also did you notice it says they will only have 58% of ICMC after all the dilutions. so that didn't sit well with me, but i just hope they don't end up making more and more raises. wasn't the last raise enough? there are also 14.7 mil options with management so add that as well plus whatever they give out more this year and next. and then the debenture conversion. what is left?

[tennispro]

Management needs a big change.