Response to Slojab's Questions - I
"Betting on anything actually happening as expected in the OTC is being naive."
Its safe to assume that your investment style (or lack thereof) is statistics based. You, along with the money managers, market makers, and institutions that deal in OTC share this policy driven approach and have tended to be right statistically speaking. I imagine you have been burned by a stock selling scam or two in the past and are bitter. You have taken to the “misery loves company” principle and become a frequenter of Ihub amongst many who share this sentiment. Perhaps you see yourself as a “Good Samitaritan,” or a “Batman” if you will, out to benefit those less endowed than yourself. Perhaps you may think that people who speak the benefit of the doubt of any OTC stock are “promoter scum,” and the victims of whom are soliciting your protection. People develop habits in this space based on prior successes or failures... Its easy to bet that a stock is shit because its on OTC Pinks because that's what most people do, and most money in this space is net short to reflect that. You're most people as most people don't invest in OTC. We should assume anyone speaking of stocks are speaking from a vested interest of some sort... but you must be different? (Full disclosure: I own shares.)
The OTC itself is on a path of change. It is slowly becoming fertile ground for legitimate businesses in pursuit of capital, without the burden of SEC auditing and other compliance expenses. A trend of crackdowns, rule changes, and enforcement practices support a future where legitimacy can exist and become investible on OTC. Reporting standards have improved in recent years and OTC Markets has become more proactive in enforcing disclosure rules. Bringing a business into the public space is still relatively easy on the OTC and makes sense for many startups - barring the automatic negative attention from the broader investment community who think companies this small shouldn’t be publically traded. It is becoming a trickier proposition to orchestrate a pump and dump stock selling scam in the time-frames that were possible in the past and investors are becoming wiser in seeking those more resilient and in line with emerging trends.
"expectations dashed for 17 years now" "Why expect anything different?"
Your attempt to establish thought-leadership concerning Dave Bryant and BYRG after posting on this Ihub board for 15+ years is formidable, but you don't seem to take into account the changes that are happening fast enough – in OTC in general and in this stock.
BYRG is definitely on the path of positive change, and the corporate and share-structure cleanup has been a prominent theme. Successes on this front cannot be ignored. Dave Bryant is deferring to a team of individuals who are interested in legitimate development of the mining asset under a clean stock. Its easy to accept that this is more rewarding in every way, for everybody, than orchestrating a scam. Investors are buying in for long term.
BYRG is working against the grain by being an OTC stock, sure, but also within the mining sector for being a historical mine site resurrection play and also a platinum exploration play. Metallurgy will be exceedingly complicated, and comparable successes of this kind of endeavor are as hard to find as the deposits themselves. Investors know this and are buying in anyway. As the company works to eliminate risks on corporate side, mining side, and stock side, such confirmation of expectations will make space for even more investment. As the macro-thesis is confirmed (as in the domestic need for critical minerals) there's no limit to the kinds of attention a stock like this can get. The optionality awarded by demand on commodity side can transform and perhaps overwhelm stocks like this if investors believe the commodity bull run game has already been won. Its very possible a buyout offer can come even before metallurgy becomes a concern.
"BYRG is a crap shoot"
I have no denials that uncertainties exist. I have no denials in that we are dealing in the OTC pinks, with some of the relatively lowest standards for disclosure and accountability in the capital markets … and I have no denials that this is speculation. It should be well known that OTC stocks have some of the lowest chances of success, and speculators in this space should only engage stocks where they have reason to believe that the chance and scope of possible rewards not only justify the risks but are good enough for their own risk tolerance. There are enough people that fall in this category to support the market-cap and that will grow or shrink as we have seen.
I personally believe that, yes, there are risks at every level and a great deal of this proposition is indeed a "crapshoot" at such an early stage, but I have done thorough enough due diligence on the property and its history to be personally interested in this project, and I do agree with the new direction the management style is going. The company must eliminate risks in order to widen its audience and that is exactly what BYRG is doing. If I bet on a mining stock, I sure as hell want my risks to be mining related. If they are found not to be, the corporate team will get to work on it, and they will be eventually - the company is indeed legitimate in this sense. My hopes are that my assumption of an economic resource becomes confirmed. If the value proposition of this stock is a "crapshoot,"as you say, and by principle, managements are necessarily more clever than ones own ability or willingness to conduct proper DD... I believe those behind it are giving it the best shot they can give to prolong and preserve the bid for what its worth until the mining side confirms or disconfirms assumptions. After so many years, Bryant is finally receiving the help he needs, and the group behind this stock has embraced a philosophy: the path of legitimacy is a way more rewarding and enriching one than the messes saturating OTC's and BYRG's past.
I'm here. I'm not betting the farm, but I'm here, and I believe there’s considerable upside potential especially given the undeniable progress made since the price was much higher.
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