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Message: Re: Roots
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Nov 06, 2011 03:46PM
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Nov 06, 2011 04:37PM
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Nov 06, 2011 06:44PM
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Nov 06, 2011 08:51PM
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Nov 06, 2011 10:20PM
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Nov 06, 2011 11:05PM

Thanks,

I just worry and feel that if she doesn,t release any news before online voting time ends, that the stock options may be voted down. I hope I am wrong, because this may take away managments incentive to move our projects forward at a steady speed. If the options are voted down, it could have more of an impact on the company than you think. There are only about 8 million shares left( i beleive) to be released from treasury. Without options, management will have to rely entirely on salary causing our burn rate of the cash to accelerate, leaving less for exploration. I beleive there is 6 million in the bank now and that won,t last long if we start new programs. If further PP,s are approved, it leads to further dilution, because this money will be burnt up more quickly.

Then you would have to question why would we need another director that may only add to the burn rate if these options weren,t approved. Also, the company would be scaled back, so it may not be appropriate to need an extra director if the expansion of the company is halted. A stalemate?

So I hope Lori makes shareholders happy, way ahead of time.

Just my thoughts.

4
Nov 07, 2011 10:22AM
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