Huggy bear, a renowned frequenter of iHub boards since 2009, thinks that SDRC flying equipment up the mountain via helicopter is necessarily a deceptive gesture. The idea being that just because a company evidently spends money, invests in equipment, hires workers, constructs a mine, etc, it doesn’t mean that it’s not a scam. This would especially be if the scam is making, or will make, a lot of money for the so called scammers.
Duly noted. Are you also assuming that the magical high-grade gold ore stockpiles that are being processed this year were placed in the forest, adjacent to SDRC’s claims, and the land subsequently staked, was a deceptive gesture as well?
The only thing here is, that the “scammers,” so to speak, are investors themselves. No preferred shares are under control by the CEO or anyone close to him. No current member of management has EVER unrestricted any of their shares in SDRC. If this gold selling scam is indeed to benefit the management, it will necessarily benefit the shareholders by proxy until circumstances change, and I see no sign of that yet.
It looks to me the highest incentive for management is to generate real cash flow and earnings for the company. It looks to me that if management were to achieve an “exit event” it would necessitate much higher liquidity than the stock is experiencing now, at a much higher stock price. It looks like their timeframe has gone years beyond most typical P&D schemes, and as efforts continue, is way more likely to produce a sustainable trend of growth.
Some people think the stock market as a whole is a scam. Or the US government. Or car dealerships. Or insurance. Or Walmart… Or anything else that makes money for that matter…
