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Timberline Resources Corporation Message Board

llkt1 1 post  |  Last Activity: Feb 11, 2014 9:19 PM Member since: Jul 3, 2010
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  • llkt1 llkt1 Feb 11, 2014 9:19 PM Flag

    Its pretty obvious by now what the CEO has been doing. First transfer out the good asset like the mining engineering operation, then let his friend get out of the joint venture by diluting shares. Then dilute more shares by spending the the reserve capital on lookout obviously the money when into someone poacket. All this look like they have no plan to go live with the permit but using the carrot of cheap share placement to lure more suckers in while they transfer the cash out.

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