If they wanted to build investor confidence, they would not continue to sell massive numbers of shares in this market. Then, again, no one will give them financing, and they are desperately short of operating capital. From a high of over $1.70 to $.08 is a massive return on investment.
Their latest good investment opportunity is interesting. Even though there is a lack of information on the great opportunity,as they want you to call so they can pitch you, I believe you would be tied to Panther for 5 years. At that time, if there is a Panther, you can get a lousy return on your money. Is this another great deal from them?
They keep claiming the ball mill will be on-line soon, but that time is relative to what? Any revenue from the increase in production has to go toward exploration only. They get nothing, as far as operating capital. They get only a portion of the revenue from the facility, and that is to be used for exploration only, no operating capital, no money to make future payments. They will have to pay $450,000 in November, if my information is correct (I notice Pthr never mentions it). They will owe $12,000,000 in less than 1 1/2 years.
How can they can possibly make it? |
