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Re: lloydm post# 20294

Monday, 04/03/2017 7:20:41 PM

Monday, April 03, 2017 7:20:41 PM

Post# of 30818
The Joint venture was announced last year. So far Fred has found no takers.

Why is it that throwing $500K into CJTF (more than its whole valuation) give you only 10% of the profits (after expenses), if any ?

Because 50% of all and any future revenues have already been promised to the hapless main investor, Collinson.

What does that leaves for CJTF ordinary shareholders ? Jack$h1t.
There's no commercially exploitable gold in Fred's dirt, but if there were, the profits are all earmarked for the big investors.