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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V
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To: Brumell who wrote (264)8/5/2001 10:46:46 PM
From: Claude Cormier  Read Replies (2) of 505
 
<Not 27 million shares FD, Claude. However, 22 million FD is a real possibility IMO. That would include over 8 million warrants o/s and yet to be exercised at .25 by mid-February for $2 million or so. >

Well there is already 17M fully dilluted... They need at least $1M to do anything meaningfull...and to get that, they will need to issye 5M units at $0.20 plus warrants attach or 4M units at $0.25 (much harder IMO). So let say between 25M and 27M FD.
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