So casting aspersions, or would you care to connect a dot or 2 somewhere?
BEAG insofar as I can discern is a new company who reversed merged through an existing shell, which as everyone knows is the premier route to trading on the OTC. When that happens there is always an amount of shares beneficially owned by some former holder in the old company, and often enough, holders from 2 or more RM iterations. Moreover often times the amount of shares will correspond to the sale price of the shell. Having said that, in my rather brief DD here, no one person or entity stood out to me; nor could I find any "toxic" debt moving forward.
So far what I've seen from this company is 2 rather lame promotional efforts, and basically one company News Release about their existing claim and a corresponding description of the property in question. What I haven't seen is the tell-tale army of paid touts hitting the various SMBs all over the pennystock kingdom.
My conclusion: First, I'm here because I felt the stock would rise above a dollar and it has done so. Second, I believe the company will continue to promote itself lawfully, and I also believe the company will continue to give tantalizing and almost credible reports of sample tests that will show some promise, but I expect that to be the proverbial dangling carrot like most other mining or black box stocks.
Will BEAG be a big lithium player? Ha, don't hold your breath. Could BEAG get bought out by a mining consortium if they were to find rich deposits? Sure! If you don't mind a 500-1 shot. For me, I prefer to throw a larger amount into the ensuing volume, and be able to take percentages off the table. Could BEAG be a total scam moving forward? Absolutely. However, since BEAG is new, I suspect it will take some time for the principals to become acclimated on how to run a pennystock orchestration, so in the interim I plan to make a little bank quickly ;)
I'll let you know when I'm playing with "free money" here, but I've a ways to go yet..
I know the current Virtus Chairman has been contacted and turned over files.
