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OMOLIVES

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OMOLIVES

Re: Ponch73 post# 189

Monday, 05/01/2017 10:18:32 PM

Monday, May 01, 2017 10:18:32 PM

Post# of 1138
Let me be specific:

1. OJ is in personal bankruptcy (his levered bet to Mongolian residential and commercial real estate backfired, and was compounded by DP party retribution after 2012), and he has pledged his MCS stake in MMC as collateral.

Any pledge of shares...whether a loan provided to MCS or any other situation...et al....that is pledged in shares of MMC must be disclosed. It is disclosed via a short position.



2. My contact was very skeptical of our having any kind of investment edge in this case. He said that long-time Mongolian coal industry insiders who are close to the story don't even have the visibility to handicap the odds.

??......that is just plain nonsense! He is sounding like an idiot given the obvious "visibility".

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