Zone Resources Inc. V.ZNR

Priceless

[stamford50]

An outstanding move. Enter into a PP in single digits and further dilute the float. With turmoil in the markets and a drill programme in place, did managment not have a gameplan whereby they performed an evaluation of the  projected costs /burn rate, after completing the previous PP?
What were they thinking?

[shellfish1]

They were thinking that at least the money raised is good to pay for their salary for a little while.If nobody is interested this time, the pp is likely to be repriced at 0.05. Shellfish.  

[shellfish1]

And the company is likely to stay inactive after this pp, like nag and slt.Shellfish

[slaveonfools]

Good news today, looking forward to seeing what the Girard property can bring. I dont know why and Im not saying its a good call, but I talked to IR yesterday and he made it sound like mgt deliberately brought it down to 8c to do the pp. Within minutes of hitting 8c the pp nr was released. We will see if its the right move in time(georgieboy and shellfish im not asking for your opinion).On another

[slaveonfools]

I forgot to mention the lawsuit against NAG in March eh georgie/shellfish? That couldnt have had something to do with yours stocks decline could it? We have 2 guys from a sucuessful play in the trough backing CD so I'm sure Zone will not fall into the same problems.