Allen, I confirmed all in a call with TSQD this morning,
The options were always opened to be exercised, this registration just allows newly registered shares to actually be sold (pending a big move up after a deal IMO). As I suspected, this is one of the last house keeping items they needed to do before making a deal. They are working on a deal full-time now that their direction is clear and approved by the board. Also as, I expected, there may be some dilution if the options are exercised, maximum is 2 million shares, but that is highly unlikely, will probably be some fraction of that.
Some appear to have sold this a.m., thinking this is some new and unexpected dilution. Those of us that have been in all along new their would be some dilution when options were exercised, this is actually much less than the worst case, which I believe was as much as 5 million shares. TSQD says ~one more registration will take place to complete the house keeping, but it too should not affect the price IMO.
Looks good to me, we're getting closer to a deal, IMO today is a good day to buy TSQD since its ratio is dwon as low as ~11%. A couple folks seem to panic everytime news comes out that they think hasn't already been taken into account.
BTW - TSQD has "written down" the remaining two gold mines in Montana (for tax purposes, actuall nets the company ~$100K), 1 was sold for $20K. If anyone wants to buy them you should call TSQD. One is ~200 acres, being sold for maybe ~$200K, the other is smaller and going for ~$50K. Could be a nice real estate deal. They're both listed in the Denever Mining Exchange. |
