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Re: rwalia99 post# 24525

Monday, 04/16/2018 11:37:51 AM

Monday, April 16, 2018 11:37:51 AM

Post# of 47696
I'm coming closer and closer to labeling this a scam - not quite there yet. We're past poor PR writing. There is a lack of transparency in this company. With that said, it is not reasonable to think the company would list every single thing that is happening - and that is not the expectation of most folks on these boards. But there comes a point that omitting information, and/or over promising becomes intentionally deceptive.

Five primary examples;
1. PT knew the recovery process was still months off, but played it as if it was "imminent".

2. There was no way the vat was going to be ready in the time frame initially promised when first announced.

3. The Jan 8th and Feb 16th PR's portraying the operations of Santa Elana was in the capable hands of MarMar so therefore the company could direct its attention on Ures, El Scorpio and/or San Felix.

4. No breakdown of $870,000 in general and administrative expenses for the last quarter.

5. No details on the (non) payment for San Felix that was due months ago.


Additionally, I'm honestly baffled by the language in the recent PR about the Julio vein. It adds no material value to the rest of the PR. The only reason I can comprehend that is in there is to try and offset the negative of the rest of the PR. In other words, its for pure hype. A common practice for a pump and dump scheme.

I'd like to think PT was making an honest effort, but lately I am sincerely questioning if that is the end game.