InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,048.42
(
-0.46%
)
US TECH 100
17,162.80
(
1.09%
)
Dow Jones
38,085.80
(
-0.98%
)
Brent Oil
88.07
(
-0.09%
)
Bitcoin
64,383.22
(
-0.16%
)
Post# of 38473
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

wilma6311

Send PM Follow Ignore
Followers 87
Posts 9709
Boards Moderated 0
Alias Born 07/22/2011

wilma6311

Re: Jacapo post# 38072

Sunday, 10/04/2015 1:45:34 PM

Sunday, October 04, 2015 1:45:34 PM

Post# of 38473
There was no money exchanged from what I can gather. Ali said the majority shareholder purchased 3.2mil in debt and then converted that debt to shares. The debt belonged to Rainco and various trusts that I am sure are relatives of Ali. Metwood did not give anyone money or buy any debt but they were the recipient of the shares in exchange for shares of their company.

The 3.2mil in debt was debt owned by Ali and Guest. I believe it was also debt that was part of the Whitesburg Mine purchase. Ali is a sly one. He gets himself in trouble by thinking he can do anything and get away with it.

What we have here...is a failure to communicate!

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up