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Gold/Mining/Energy : Silver Bull Resources, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Anchan who wrote (474)	2/5/2007 1:02:13 PM
From: AuBug	Read Replies (1) \| Respond to of 5637

Your words not mine. Directors are cashing in at $3.50, e.g. Wesley A Pomeroy: sec.gov Robert K Kramer: sec.gov MMG's already issued 34,207,912 shares of common stock and that does not count the 3,587,353 deep-in-the-money warrants and options issued at a weighted average of $2.34 and the 2,426,000 yet to be issued: sec.gov On 9/26/06 they increased the authorized shares from 50 million to 160 million so they have huge plans for dilution. Wow! What a sweetheart deal: "During the year ended October 31, 2006 the Company sold 13,456,084 shares in private placement transactions at a price of $0.80 per share, which included a warrant to purchase one share of the Company’s common stock at an exercise price of $1.25 per share with an exercise period of 5 years, and issued 25,000 shares at $1.25 per share for exercise of a warrant." sec.gov This PP closed on March 6, 2006 with MMGG at $2.60, that's a 69% discount to the market. And this is all management felt they needed to inform public shareholders on the matter: "Metalline Mining Company (MMGG:OTCBB) announced today that a private offering of common stock to accredited investors has been completed and that the gross offering proceeds totaled $11,156,509. CEO Merlin D. Bingham stated, "We are pleased with the success of this offering and are now prepared to continue with the feasibility study for our Sierra Mojada project." For each share of common stock purchased, investors also received a warrant to purchase one additional share of common stock at an exercise price of $1.25 per share. The warrants are exercisable for a period five years from their issuance. The common stock is restricted from resale under Rule 144 unless a registration of the shares occurs first. The proceeds of the offering are expected to be used for general corporate purposes, including working capital, and completion of a feasibility study for the Sierra Mojada project located in Coahuila, Mexico." metalin.com This is certainly a company that takes care of insiders far and above public shareholders. Since it's been a year on these sweetheart $0.80 shares we can certainly expect a lot of them to hit the market in early March. Since all these special people can now sell for long term capital gains and still have as many warrants as shares sold at a 250% gain it's hard for them to loose. Look for much lower prices on MMG.