Top shelf dog stock, page-72

If avoiding dilution from a share issue is central to your thinking then I suggest you find out what a "low number" of options in the Sprott deal really means. One of two things will happen, either the company will die, or a significant share dilution WILL occur.

If JID is correct in what he leads us to believe is Sprott's normal MO - and I believe this is most likely - then the low number will be between 50% and 100% of the value of the loan. So if things go as well as everyone hopes and the company has some success then, minimum, about 300,000 shares will be issued at around 12c - you will loose at least 25% of any upside to Sprott. If things go badly there will be no share issue, but the company will cease to exist. Sptott's investment is hedged/protected and will be paid out from the remains of the existing company. The Sprott deal's structure provides very little reassurance for shareholders but plenty for Sprott.

If SJ is serious about the company he would already have gotten rid of most of his hanger-on mates, the cost is not justified. He enjoys an excellent salary and is such a long way from justifying it that it is totally unfair to shareholders........I suspect the "low" number of options will be higher than "initially thought" due to some poor excuse he comes up with...He is very good at excuses and is taking shareholders for a ride.......Main objective of the company - keep SJ in a job.

Ps. Don't forget about the remaining unsecured lenders and what they will be demanding before this is all resolved.