RWD reward minerals ltd
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why announce the stock placement...., page-8

  1. buffett
    3,309 Posts.
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    05/05/08
    10:12
    Post #: 3665732
    YC,
    Today's announcement of conversion of options is part of the directors perserving current equity as long as possible before having to dilute with a new issue. That $70,000 from conversion of options will be used along with other funds to put a road into Lake Disappointment.
    Regards
    Buffett
    RWD Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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