ASPA Gold Corp. (fka RENS)

[moe_the_gyp01]

Layton, saw your post exposing a curious point regarding the 10 million in futures contracts.

I trade stock options and e-mini futures in the russell 2000, S&P 500 and occasionally gold so I am well aware of the exposures related to each derivative.

I don't know WTF the GNCP ownership trading in futures has to do with the price of potatoes, but 10 million in futures is nothing especially when they don't specify whether that is the mark to market cash settled value of the positions they are trading or just the notional value.

For example: The Mini-SPX Index, based on 1/10th the value of the Standard & Poor's 500 Index or a multiplier of $100. So divide 10 million by 100 to get the notional value. My guess is they are inflating their activity by using the notional value and not the cash settled value. And don't even get me started on whether or not they have made a thin dime or lost their asses. Where do they suddenly accrue the acumen to successfully trade in the futures market to such great aplomb to have amassed a trove of 10mill? Pure Bull Shite!


These guys are a piece of work.