Strike Minerals another vulture capital funded mort candidate (Waterton Global) with no meaningful changes on the website since last year. They're completely out of cash, are in default to Waterton, were suspended for late filings and failed to resolve their default status in Canada, which won them a CTO, and it also hasn't traded in the U.S. since December... but, they're "hopeful" they can raise more money...
"TORONTO, ONTARIO--(May 23, 2014) - Strike Minerals Inc. (TSXVENTURE:STK) ("Strike" or
the "Company") would like to announce to its shareholders, that the Company continues to
explore avenues of financing to move forward to develop its Edwards Mine flagship property in
Wawa, Ontario. While the company continues to be under its Cease Trade Order, The President
of the Corporation, Kerry Smith, wishes to notify shareholders that the company still remains
hopeful that the current, ongoing communications with a number of funding sources, can lead to
a successful closing soon. The Company also wishes to notify shareholders that while the
Company has closed its downtown Toronto office to reduce costs, it is still maintaining ongoing
communications with its shareholders, and that they can contact Kerry Smith with any questions
they may have. Strike Minerals continues to be viable company with strong assets and a
positive outlook for the future."
I'm not finding the enthusiam infectious... and, if I had to place a bet, I'd bet that Waterton will own the whole ball of wax long before Strike raises enough money to dig out from under them. |
