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Sierra Resource Group Inc SIRG
Posted On: 10/23/2012 12:50:12 AM
Post# of 4018
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Posted By: Joseytheoutlawwales
Re: Snafu_Ice #2048

First off, SIRG management has set themselves on a course wherein the hope is that no significant dilution, like that of which you speak, would be necessary.


Also, the fatal flaw in your logic is the assumption that doubling the O/S would put "1/2 billion new shares on the market."


With the O/S at its current level, a double of that number would only be slightly higher than 1/2 billion to begin with.


Second fatal flaw, if even 250 million new shares hit the market, it would not drop us conveniently to .004.  Currently there is not enough bid support to swallow that volume of shares, and likely we would ultimately see .0001-3 with that volume needing to be absorbed.














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