TRTH does look cheap but this might cause valuations to change. Why sell a profitable shipping company and turn it into a mining company with no revs?
NEW YORK, July 8, 2014 /PRNewswire/ --
Trai Thien USA, Inc. (TRTH) today announced its acquisition of Onassis Mining Group, Inc. ("Onassis Mining"). Onassis Mining is a New York based mineral exploration and development company,
As part of the acquisition, Khanh Quoc Nguyen stepped down as Trai Thien USA's Chief Executive Officer and as the Chairman of the Board and Nguyen Van Thong stepped down as Director. Eliron Yaron, Chairman of the Board of Onassis Mining, was appointed as Trai Thien USA's new Chairman of the Board and sole Director.
The Company plans on changing its corporate name and stock symbol to reflect is new business direction.
About Onassis Mining
Onassis Mining Group, Inc. is a New York based mineral exploration and development company focused on gold exploration, mining and processing in South America. Onassis owns 100% of PIEDRA DE ORO S.A, an Ecuadorian mining company, which holds mining rights in the Muluncay Concession lying within a major historic gold-silver producing district known as the Portovelo-Zaruma-Ayapamba district in Ecuador.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
