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Re: dogplay76 post# 9367

Monday, 05/18/2015 1:31:23 PM

Monday, May 18, 2015 1:31:23 PM

Post# of 15541
I'd bet money that transaction falls through like every other major transaction they get involved in. Where are they going to come up with millions of dollars to pay for anything? Who would loan them money with their proven track record of not paying what they owe? This is like the Omega Royale, an old junker ship they were going to buy and turn into a casino ship back in 2008. The total cost was going to be $37 million if I recall correctly. They even hired a ship captain to be director of marine operations. He was probably just being paid in shares and he needed some money for his trips to the Philippines where he would have sex with little girls. (Not kidding, he was convicted for this, but in fairness they wouldn't have known he was a perv.)

Anyway, naturally that deal fell through after they pumped it like crazy and sold a boat load of stock. The same thing happens to all their big deals. They can never come up with the money. There is no evidence I can see that they have ever come up with a multimillion dollar loan. They'd be making a lot more money if they did. Notice how they earned over $400 grand last year in nonrefundable fees though. They take a lot of money promising loans but end up getting sued all the time because they don't deliver, don't get the loans. These big deals they get into, I wouldn't doubt that they make people all kinds of promises that these business people or entities rely on, and when these deals fall through not only are there a lot of bag holders who bought their worthless stock, but these businesspeople who thought they finally had financing lined up for that big dream project end up being out a whole lot of money too.

I wonder how long people will keep getting sucked in by these guys? It appears that their pump and dump campaigns are not generating the interest they once did. Some people actually do due diligence, especially if they're going to put a substantial amount of money down. That's another reason why this company would never make it on the NYSE. It's one thing to get speculators and automated traders to put a few bucks down hoping to make a quick buck, but it's much harder to get serious sophisticated investors to put big money down and leave it there.

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