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pitboss22

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pitboss22

Re: goodinvestment post# 3525

Tuesday, 03/17/2015 11:25:19 AM

Tuesday, March 17, 2015 11:25:19 AM

Post# of 3562
Actually, it is based on the ASSUMED value of the "certain assets" it traded for and a liberal amount of wishful thinking.

The agreement is "...to acquire CERTAIN ASSETS of Fonon Technologies in exchange for a MAJORITY OF THE ISSUED AND OUTSTANDING SHARES of Mabwe Minerals Inc."

I don't think the Nikitins are giving up that much for the MBMI shell. They could easily go elsewhere to pick up a cheap shell.

Also, of June 30, 2014 the RRHI only owned 64.13% of Mabwe Minerals. As the percentage has been creeping downward, I doubt the percentage is that high today.

RRHI holds no other fungible assets and is over a barrel, so half a cent per share seems over valued.

Good DD IS NOT just reciting the PRs and company handouts and looking for the good. Those things are never hard to find.

Good DD IS finding out what the company and CEO do NOT want you to know.

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