Thank you for your post. It proves my point. The company was making wildly grandiose projections about what they had, but they've delivered a pathetic few handfuls of grams instead. It can't be blamed on a crappy sluice box.
The science was done incorrectly from the start. Their report never said how the samples were collected, how they were processed, how big the sample size was, who did the sampling and who wrote the report. An unsigned technical report is a red-flag, and it is essentially worthless from a technically defensible angle.
I'm sure shareholders are delighted that GYST gives away school supplies to local youngsters and provides jobs. What has GYST done for shareholders? Why does GYST make shareholders pay for the company's charity projects? They have said from the start that they "strive to increase shareholder value through our diverse business model to generate equitable results for all shareholders."
Equitable results. They use such charity statements to make themselves appear as 'good guys' while they rip off shareholders mercilessly. What does 'equitable' mean? It means the company constantly takes money from its shareholders to pay expenses and salaries. Equitable. Yeah. Sure. A nice salary for insiders. Nothing for shareholders. That's equitable all right.
As for Asher, that outfit was not some terrible catastrophe such as a hurricane that unexpectedly showed up and wrecked shareholder value. Howarth invited Asher in knowing what would happen to the share price. At the same time, he hired touters and made wild claims of millions upon millions of dollars of potential oil revenue (that project went bust) in order to lure in suckers to buy shares just before his massive reverse split.
I fail to see why ANYONE would trust this company--especially now that it is selling off to worthlessness once more.
A nation of sheep will beget a government of wolves. — Edward R. Murrow
