letter from shareholders, page-13

cant say these guys have done much for SHs in the years i have followed it, they have no money so have been diluting sh to buggery.
they paid mining contractors in share? the reason they are in this predicament is they are buying prospects in shares they even armed these guys with 50mil shares buying some patch of dirt off of them ?
i really dont know who will be worse. they do say stick with the devil you know !!