Is this another farce by possibly an illegimate Board, page-8

Agree with flyboy..now look at the CR...we had over 1 billion shares @ 0.9c for a market cap of $9 million. Let's assume all shares in the CR are taken up. 5 for 2 makes 2.5 billion new shares @ 4.4c now means there are 3.5 billion shares on the books. If they are worth 4.4c then the market cap becomes $15.4 million...now that's absurd cos most money raised is going to service debt, pay bills, get used and the company is in crisis. The market cap will decline.

So let's assume the market cap stays at $9 million. The 3.5 billion shares are now worth 2.5cents each.So you are going to do almost half your chips right from the start.  The only way not to lose money is if the market cap stays above $15.4 million and the chances of that are about zero.

Even if you think at $9 mil cap, your 4.4c shares are worth the same, you are effectively saying the shares you hold now are worthless. 

The only way out of this, is to trade out. 

Unless we get a quarter of sustained mining and milling with grades in excess of 5g/t then any money thrown at this will become worthless. And if we can sustain the mining and the milling, the answer is to trade our way out of this mess. If we do that, your current shares will hold their value, without the risk of throwing good money after bad. We need a new Chairman.