Rex Harbour, Peter Tomsett and other dissident shareholders might want to reconsider their offer to refinance the company at $1 a share. In the unlikely event a high resource estimate is accepted by the BCSC, shareholders would simply refuse to accept the $1 placement. On the other hand, if resource numbers are disappointing, as is more likely to be the case, then those very same shareholders would expect a bailout from the new board. We've got our own mini version of Wall Street going on here.


Perhaps the most reasonable option would be to let the market determine share price. It will anyway. Trying to backstop a plunging chart on the Venture Exchange is a risky proposition. In the case of bad news, Anonymous and Canaccord will be sniping relentlessly, and 50 million new shares at a dollar won't change that.