Bob,
You hit the nail on the head. That fact has stumped me for some time. The warrants are for $1.50 and $2.50. No profit until price climbs above the bench. The time frame stated is 12 months. This release was in February, but, we don't really know when the deal was formalized, ie., 12 months from when? February or June/July/ Has it, in fact, been inked yet??
First Sydney, IMO, what with their knowledge of the business plan NAMX submitted, and probable preliminary results, has to KNOW something.
It sure would be nice if +bob could wrangle some news from First Sydney. If he does find out that the backing of the cash is based strictly on stock and warrant options, I may have to average down on a few thousand more shares................Maybe <BG> Theo |
