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No buyout please.

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Whoisit   Thursday, 04/04/19 08:11:53 PM
Re: playofthedivine post# 10110
Post # of 10388 
No buyout please.

My reason.

There was just recently a buyout of IDM mining (IDMMF) and
the buyer Ascot (AOTVF).
The shareholders of IDM really got screwed.
I was already down about 65% on IDM and then the buyout where
I receive 200 Ascot shares for my 3000 IDM shares.
Basically no gain. Still 65% down on my original investment.
IDM owned the Red mountain project in Canada. It had decent
resources.
I am sure IDM made out like bandits where the shareholders got screwed.

So how can you trust any of these companies including MJ pennies?


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