Wednesday, January 21, 2015 2:17:40 PM
An old message from Bob Cotton in September via Linkdn
Bob Cotton
President-Director at Algodon Mining S.A.de C.V.
Yes, of course I remember all you guys from over there...
You know I sold the company and provided financing, and the new owner has defaulted on the payments and pretty much destroyed the mine and the company.. I regret selling it to him, I should have kept it and turned it around after my run in with the Feds... At the end of day the SEC dropped the case, after I took a plea agreement and spent 6 months in a federal camp, went by fast, but pretty much destroyed me all over being a good guy and wiring a friend 3k to help him pay his house note, but that was a lie, he was in trouble with the SEC and set me up .. They took that 3k, bought 1,700 in shares and then charged me with stock manipulation, which was crazy... But that is what has been going on in the States every since Obama become President and directed Eric Holder to go after public companies....
Anyway at the end of the day I have a bigger and better mine here near Acapulco, Mexico, but I don't think I will take it public anytime soon .............. The market is down now, but we have 66-69% Fe can sale it in Lump, 25mm, with Lump and Fe Premium, going price today CFR China is around $100.00 with Bench mark Platts 62% Fe Fines under $80.00 per DMT...... So it all worked out for me in the End... Good Luck and nice to hear from you,, Bob
On 10/09/14 10:45 AM,
Imo. I also am not a financial adviser nor compensated for my posts.
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