GDN golden state resources limited

announcement, page-6

  1. 1,364 Posts.
    Yep

    They tossed some money in

    Probably pulled it all out at a profit

    and now have a free ride in case the company actually does find something.

    They will be listed and tradeable - so to make them worth something they were probably behind the buying in the 7's, 8's and 9's and the selling in the 11-11.5 range knowing the churn would get people excited about another water well.

    So on the double dip they haver probably profited twice and can now either sell their options for a couple of cents or hold on for a free ride.

    SIMPLE

    Imagine the deal the company will have to do for the next capital raising.

    Paper everywhere

    IMO only
 
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