Wednesday, June 23, 2010

Constitution Mining (CMIN.ob) is diluting your ass again, suckaz


Here's the link to the latest SEC filing from this scamjob, which notifies us that the company wants to raise $8.125m via a dilutive share+option financing deal. There's no public announcement of the pricings of the deal yet, but I'm going to hazard a guess at 65c a unit because the minimum investment for any poor sap that gets suckered into this madness is $6,500 (they've managed to find nine takers so far for a total of a touch over $300k). That 65c number might be wrong though, so best check.

Meanwhile, not a word in public from CMIN.ob that this financing has been open since Monday, a typical scamsters trick to leave people in the dark for as long as possible.