If they purchase shares, I predict it will be the other side of a loan. I also believe it will be via a discounted arrangement, else they actually would be buying their own debt! lol
What some here probably don't grasp yet is that a smart and experienced financial backer would absolutely NEVER announce a forthcoming purchase of a substantial number of shares as this would undoubtedly create a short squeeze in the reverse direction. While not in any way shorting, the concept is the same and the net result would be more expensive shares. This, then, would be Sigur and/or Dutchess stupidly setting things up so that they have to pay more than would otherwise be the case. Even I'm not quite that stupid---yet! But don't ask my wife to verify that one. lol
Really, there's some seriously misguided thinking coming out here. I make my share of mistakes, no question about that. But this ain't gonna be one of them, I'm afraid. Anyone thinking that Dutchess and/or Sigur will be buying shares this week because they expect shares to become dearer is truly lost and not understanding what the stock market really is.
Lesson #1:
The stock market is a place where players try to outmaneuver one another, may the last man remain standing.
Lesson #2:
The stock market is a place where players try to outmaneuver one another, may the last man remain standing.
Lesson #3:
Reread Lessons #1 & 2---and repeat, repeat, repeat.
Summary:
Sigur and Dutchess do not need lessons. I've seen no evidence whatsoever indicating they have invested capital in FDMF. It has been revealed that Dutchess is prepared to make money available to FDMF in the form of a financing. Spell "financing" this way: L-O-A-N.
If, in fact, these companies do loan money, they must have collateral. It cannot operate in any other way. Hopes and dreams aside, anything BK says is just words. Banking institutions do not operate on handshakes or words. Only written statements with timelines, otherwise known as contracts, are the way deals are struck. Those here who think FDMF will create wealth for holders of common shares are naïve. They will be disappointed.
I doubt folks here see me as a good person. After all, I'm chasing this thing around like a mouse going after a piece of cheese with legs. I'm not even sure why I'm involved here beyond the now-reduced million shares I originally bought. I think it's mostly because I screwed up on three stocks this year which tanked soon after I bought them. I'm in good financial shape so these minor failures of mine don't amount to anything important. However, I truly feel bad for anyone who suffers at the hands of a wolf in sheep's clothing. I'm very visible as anyone will see if visiting the boards I moderate. BK is obscured and what you DON'T see is what you get. That scares me when I think of the folks here with thousands of dollars invested and whole lifetimes ahead---with wives, parents, children, husbands, maybe disabilities too. I was blind for nearly five years and had to claw my way to self-sufficiency.
No, I'm not a basher in any sense. And I want to be very wrong on all of this so that each of you can benefit wonderfully.
Experience tells me this company is probably the worst of the worst.
Then again, all of this is just my opinion and that means your opinions are equally meaningful.
