If the 10K does come out, that could be even scarier, if there is not much in it, in terms of financial assets. I don't see how they can say they own all these bonds. I've been reviewing the owners.
It would seem that they will be putting off the 10K for as long as they can, and will be selling stock, from somewhere in the meantime.
Honestly, I am trying to make this add up. But it just doesn't. It seems like the company is going to be making money on us, by selling us stock while we hold on to a fantasy.
Who is selling is the question. Mike Alexander holds the most shares.
What is going on here? They have had plenty of time to verify to the public that they own the Venezulian bond. But they took there "audited financials" off the website. They are holding a reset price of 15 dollars above all our heads like a stick and carrot. Now after waiting and waiting, they are sweetening the deal. Now it's going to be 25, now it's going to be 40...... with the Republic of Finland. Meanwhile, the only people in that last SEC filing are Rufus Harris, and Steven Canady. They state entire issues of bonds, but then talk about purchasing them in the public market. I brought someone with experience last night, to speak to about this. And he says they are basically selling the public paper, and it will eventually go to zero.
If this were a real deal, you would think that there would be real insiders, and real investors showing up. You would think the price would reflect the situation. But it seems to me that the price just wants to go down, and is being held up by MM's, and by the company continuing to promise greater and greater things......
HAVE
Odysseus crossed the river of Styx. He asked Achilles if it was worth trading his life to have his 'name' live forever. Achilles replies: "I would rather be the slave of a slave on earth, then to live here in Hades..." --Homer's The Illiad
