Monday, March 30, 2015 6:51:15 PM
What the "plaintiff" wants is no longer an issue. The person that complained and the person suing are not the same person. The "person" suing is not interested in SRSRs share price or if there is any gain.
What they are concerned about is that Dan handled a retirement fund within the law.
Even if the stock went to $500 the suit would continue and if they found that Dan was not allowed to do the things he did he will still pay the penalty
As for the potential to be worth "multi dollar"
Yes that is correct. When the company does everything the way they are supposed to and they have an entire crew mining this site in 3 shifts 5-7 days a week this stock will be worth multi dollars.
That is no less than 10 years and $50M away and most probably 15-20 years if Scott is in charge.
When do I think SRSR will break a buck?
Never
The company will reverse split the stock with shares of the spinout.
The "value" will be around .40 The PPS could see $1 shortly after that issue but the stock will fall from there back to the .20-.40 range if left alone.
Then the dilution can start in conjunction with the resource estimate. Those 2 things will argue over the PPS and I plan on making quite a bit of profit during that fight.
I expect that this will be some time around next year in Q2
I will let you know then if I think it has $$$ in it or not.
For now the shareholders should be very happy if it can break .04 in the next 6-8 months.
I would expect it to return to the 2s in the next 2-3 weeks or so.
IMO if the suit was dropped that alone would bring on 2s.
And just so everyone is aware...
Quite a delayed response but that is good to hear.
And just so you understand I align with nobody. I say what I think and I say why I think it. When there is good things to say I say them too. It is not my fault that there has been nothing good to say about this stock for 3+ years. The 20/20 hindsight shows that I was correct in most of the things I have stated.
It also shows that the "supporters" of this stock were wrong in their statements.
So do try to remember that if a fact is negative it isn't the person stating the fact that is negative. Trying to pretend that a negative fact is actually a fantasy greatness is what is wrong with this board.
Someone stating that the law suit Dan is in has nothing to do with the company, when the suit itself names the company, and says it intends to investigate company facts, is asking for a rebuttal from someone who is not afraid of the truth.
Just because it is negative does not make it untrue
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