Woody, I’m not sure you are understanding, should Trenche 2 not go through, our debt and overheads would pull this down well below the valuation of The LLL holdings due to continual production losses on a weekly basis.
company would clearly be headed straight for VA IF they even manage to open on their said date. Solid fact would be, by the time they have torn it all apart, you would receive far less than 6c a share if anything at all… and who knows how long that would take…
based solely on FFX’s LLL holdings, once we add the massive dilution, FFX’s LLL would be worth 11c share alone when LLL reaches around $1.8 a share. I’m not sure your view on LLL however it’s my belief that level would be reach BEFORE the shares are released from Escrow.
we may have lost today’s battle with this raise but the overall it keeps us In the war.
General discussion, page-7692
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