norton cheapest gold producer in the world, page-12

because anyone who has read the financial statements will realise that the amount of money the company owes to Lehman Bros for the hedge and the Convertible Notes due next year far and away outweighs the cash on the books and/or the rate at which the company is generating cash.

When Lehman comes out of bankruptcy, and they will, such is the way in the US, there will be no cash left and they will have enormous liabilities.

A share placement will follow very soon thereafter at a great discount due to the fact that the company will have to move quickly to avoid trading insolvency.

So endeth the lesson!