GDN golden state resources limited

what are we waiting for...., page-23

  1. 18 Posts.
    JHird, I agree with you what you said. Look at the report, there were no mentioned of total number of new shares (41millons) released for $4.5 millions at 11cents. Though it is easy to calculated and is small thing, but intentionally not skipped in the report. I think they thought it will have negativeg point in the report. but it cleavely drafted the report.

    I am not sure anyone thought of this but I noticed one thing with placement. Why did they raise $4.5millions (more than required at this point) at 11cents. They know that share price will not be at 11-15cents in the coming weeks. If there were any placement in the future, it would have been over 20cents. They avoided the another placement at high price for less number of shares. I am sure company also involved with other investors in this process. who are these people?

    How luckly those investors who got 40millions shares at 11cents. Every 11 cents rise, they make 4.5millions, that too within one months. I am not jealous because I too hold lots lots of shares and option. But as investor and holding shares for long time, I am disapponted that 40millions shares gone at throw away price.
 
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