To: LoneClone who wrote (4951 ) 2/8/2013 3:42:43 PM From: Lahcim Leinad 7 Recommendations Read Replies (1) | Respond to This is how I read that:1) We were broke, were offered a bone, so we took it. As you point out the markets right now are extremely tough and can turn off literally overnight. There is only one thing worse for me, my paycheck, my medical, dental, my kid's college, my wife's car, our retirement than dilution and that’s being broke - I will not go broke! Right now there are over 700 junior explorers who have less than 1 million in their bank account and simply cannot raise a dime to keep their projects going. If the market does not improve in a major way we will all be out of business before the end of the year. Then everyone loses in a major way. We however are now in the position to barely stay alive. I believe we will be one of the few companies that continue to push out good PR to the market for 2013. 2) Furthermore we have literally pounded the market with incredible PR, metallurgical promises and resource dreams for the last 12 months and seen little movement in the stock. We have also keenly watched other companies push out PR updates, PEA's and Feasibilities and in almost all cases there has been zero market reaction. We simply saw no upside in continuing to run down our treasury waiting to push out a PR update and risk a financing opportunity closing. If you want to see a stock get driven into the dirt try going to the market with a zero bank balance. I refuse to jeopardize my pocketbook on the hope that the almost unprecedented market conditions we presently see improve. I believe conditions will improve, I just don’t know when. At least with the dilution with which we just hosed you, we were able to control the terms in a far more meaningful way, for us.
