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Re: freepenny911 post# 13292

Thursday, 06/19/2014 1:42:03 PM

Thursday, June 19, 2014 1:42:03 PM

Post# of 34668
what deal for 44 million??

please stop smoking drugs and read more carefully....they finished their hannover debt of 44 million.....i hear there is more debt out there and dont know of how much.....more dilution but by how much I really dont know what....

is a 44 million dollar debt being paid valued justifiably to be worth more than 70 million in market cap? at 50 cents.....

at a dollar making this about 135 mil cap or so.......

wheres the value.......is that mine worthless?? or is producing something?? why havent they farmed it out?? whats the strategy?? have they laid out the strategy?? has a reputable outside agency valued the mine yet???

Ive bought gold mine companies before and they have gone bust......even with gold near its highs....lots of risks and scams with mining companies....

if this was a market cap of 20 or 30 mil like when i first got in at 2 dollars..........i'd be more optimistic........

if there is forced covering of shorts which may or may not be the case...it could go higher than the true value of this company because its like if i had to cover my 5000 pps dollar short 6 months ago..why should i care if i covered at 50 cents or 2 dollars...the difference would be a few dollars for that investor....that could be a real benefit for a likely pop if thats the case..........but with reverse splits,,,a 10 k share lot has reduced to a 100 share lot.......<roughly speaking>
No guarantees on that and dont know if the chances of that are 10% or 50% of playing out......But it sure would be a redeeming factor helping the suckered longs like myself coming out of this turd with some skin left in the game.

the massive selling was the dilution for most part....and not as much the shorts at a much higher price.....all the real volume kicked in just the last month....and thats despite the fact that a reverse split would have reduced the volume........that dilution of this company looks irreversable and longs look to be bag holders.....put this in your unborn grandkids ira and he may have something to profit from in a turnaround 50 years later.....or a big ZERO to learn from your mistakes.....

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