bronze re rrs 100m shares, page-65

Gassed - I don't understand your logic re: financiers exercising 300M oppies at a cost of $0.04c each = total cost $12m for 20% of company when they could hold on to their oppies and buy on market 300m shares between 1.3c - 2.3c or even 3c at a cost of $6m (assuming av buy price @ 2cps).

Looking at this another way, if you were the financier and had $12M to play with to either convert 300M oppies, or buy use the $12M to receive 600M shares at av 2cps (or even 400M shares at av 3cps) - what would you do.

PS - you could look at this as some free serious advice.

My viewpoint is that we only need 5% to seriously question the company (call SGM, etc) - with the current list, we have close to 10% - we should be using this muscle to ask questions off our directors - they have fiduciary obligations and I see things happening that no-one in this thread understands. Issue of additional shares, moving loan dates to issue more free shares/ oppies, etc