Given what we have been told so far-I agree things don't make seem to make sense,given the info we currently have.
Why would a green technology Co. assume the stock of a mining Co.
I'd have to assume Dales JAGR Co. existed-otherwise the 4-20-10 and 4-21-10 PR's make the formerly touted JV Co complicit/liable for any misrepresentation re the mine,its incipient operation and its reserves.
The now apparently former JV Co. is a huge Co. with a lot of mining experience and operates many mines in Mexico(see their website) and has the shipping and customer base necessary for a successful operation.
Such an experienced JV Co. obviously would've done their due diligence re Dale + Co's books,assets,plant,property,equipment and available reserves.
We can only read between the lines that Dales JAGR and the mining Co they JV'd with had an irreconcilable difference of opinion,as implied by the 4-20 and 4-21 PR'S and the silence that followed.
The bigger question now-what is Green Star going to do w the Co. They are in the business of investing in Co's and thus obviously have special expertise in dd re these Co's. They would have no need to acquire your supposed shell Co.
Why would they assume the stock of a mining Co (let alone your supposed shell, let alone a scam that they could have some possible joint liability for in assuming such a Co's stock etc) and presumably the other obligations/risks,unless they were to continue mining operations-operations that seem to be at odds w their profile.
I've emailed Green Star(via the website referenced in their 7-17 PR)re these questions and hopefully they will clear up the confusion soon-as it is in their best interests to do so.
Your supposition that the mining operation was a scam(the usual cry of shorters/bashers etc,usually without any evidence) is extremely unlikely, in the absence of clear, cogent and compelling evidence (I have accounting and law degrees etc), given the involvement of 2 such Co's with special dd abilities and access to Dales JAGR books,plant, property and mining surveys etc.
Also,the detail and some other evidences from the history of JAGR's PR'S is inconsistent with a scam.
If mining outlook has ceased, it is more likely due to the aforementioned presumed stalemate between Dale and Reynolds Co's or inability to obtain necessary permits or security in Mexico's difficult business environment,rather than through some complicated, difficult to execute conspiracy involving the reputations of Green Star and the very large experienced in mining Reynolds Co. Show me some evidence.