Wednesday, September 23, 2015 9:54:57 AM
I am not sure I understand what point Tuttle was trying to make with getting this report in the case, if anything, it seems to have predicted how things were going to turn out. Even the target price of $0.05 is near where the stock is trading now.
If I am reading it correctly, they give the company a price target of $0.05, and say they do not believe the mine can be developed, plus the company is going to run out of cash.
While they do not use the word bankrupt in the report, they seem to say everything but, that the company is bankrupt.
I assume that Tuttle must have thought and expected that the report was going to report something else.
Louis J. Desy Jr.
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