So im not sure if this deserves to be relegated to simply an "asset shuffle". Consider this...Perrault and co. are obviously involved in the mining industry. They have plenty of friends. Perrault is aware of some of these friends that "bit off more than they can chew" and dont have the capital to accomplish everything they had originally planned to do. In response, he calls up Lotito and convinces him to start EXLA and buy up these assets that his other friends are in need to unload. Tarku needs cash to mine their claim. Lotito gets them their other 25% so investors are more willing to hand over the cash via the recently announced offering. In return Lotito gets to put some cash and assets on the books to purchase the recent Nevada claim from another one of the friends that needs cash elsewhere in their company.
Point is, while they all know eachother, im not sure this is as nefarious as its being made out to be on this board. My family owned a manufacturing company growing up for example, and we often bought/sold assets from friends in the industry (we werent public so it wasnt shares being traded but the point remains the same).
Tarku and the company EXLA bought the Nevada claim from have nothing to do with eachother in business terms (maybe they know each other personally) so its hard to imagine someone in the shadows wants everything under one roof for a specific reason.
IMO much of this blame for the SP falls on Bull in Advantage and their promotors/MM's. It seems clear they spent weeks trying to accumulate shares, driving the price down in the process. The past two weeks IMO shows they had plans to start pumping it after the Nevada announcement. The trading shows it. Those first couple days after the NV announcement someone was sitting on the ASK but ONLY when the bid was hit. They screwed up though because they underestimated how worn out the market was with EXLA. The constant waiting. The dramatic random drop in SP. (I mean we went from roughly .02 for 8 months to .00's out of nowhere and for no apparent reason. Its a shame. They have a ticker with a perfect set up and had all the eyes on it they would ever need, but chose to be greedy. Had EXLA ran on its accomplishments and news and more importantly, in a timely manner, I have no doubt wed be .05+ right now easily. Instead of holding for the ride, most are looking for an exit, and since weve been in .00's for so long, it seems like low .01's is good enough for most to say bye.
