re: Ann: Option to acquire Lamboo Resources P...
They haven't even started drilling yet, so a lot of hope and gambling in these prospects. No revenue coming in for the foreseeable future from these acquisitions either. The reality now is severe dilution to Fluorotechnics's shareholders with the $3.5million to pay for these companies if they go ahead with it. More dilution probably in the near future too, when they need to raise another $3-5million to cover the drilling costs etc and Trevillion's salary.
At least Trevillion has an excuse to dilute the shareholders in order to continue funding his salary, since the money is running out at Fluorotechnics. You're being shafted by him, just like he did to the UK's Meldex shareholders. Don't you get it yet?
FLS Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
