SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mountain Lake Resources Ltd ( MOA) VSE
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: peter dumbrille who wrote (448)10/13/2000 10:42:11 AM
From: Peter Bourgeois  Read Replies (1) of 598
 
Hello Peter,

I was not able to find much on Etruscan either. Like MOA it does not trade a whole lot of shares on an everyday basis.

My concern is the number of issued shares once the merger is complete. Etruscan shows almost 36Mil issued and MOA 14Mil issued. Once the merger is completed we are looking at a penney stock with around 43Mil shares issued and according to a poster on the bullboards 9Mil in debt. While they have a little more than 2.6Mil in cash, one wonders where they will get funding for projects AND pay their outstanding bills.

My guess and it is only a guess, is that Etruscan will be raising money with another share issue. If that is indeed the case than they may have a reverse split either before or after an issue. Not good in my estimation.

We need much more information on project funding and exactly how much debt Etruscan holds before we figure out if this a good deal or not.

Cheers !!! Peter
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News