I agree with what Rinky posted and I am trying to see a positive way forward. These comments might pi## people off - or they might help add a different perspective.
1. This may seem like a strange way to look at things, but I was not part of the group who participated in the PP last fall. All the money that was raised was put in by Lori and a select few. They paid for 60% of the drill program - not me. If they made some poor spending decisions, it was with money they put in, not me.
2. I believe their is gold on the property. I only come to this site occasionally, but I do try to read anything by Sculpin when I do. There are no guarantees, but everything he writes seems to suggest there is a strong chance of a significant find.
3. I am late to the SLI game. I bought a significant amount at about $2 a couple of years ago and I am down significantly. I bought more this summer and my average cost is now about 75 cents. The best way for me to recoup what I put in is for the company to actually find something.
4. Just on principle, I think the green side should fight this to the bitter end. However, that will likely mean I never get my money back. Infighting is expensive. All the money and energy will go to legal fees instead of proving up the property.
5. They likely have less than $2 million in the bank now. The reality is that they will need to raise more money. The only question is whether they allow all shareholders to buy in or do a PP again.
6. If there is cash in the bank to explore the Tesoro aggressively, I think 10 cents is a bargain. I would buy more. For a small amount of money I could bring my average cost down to 30 cents. If this is going to be a protracted legal battle, then I wouldn't put any more money into it - it will take years, if ever, for me to get my money back.
JMO
