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Re: OriginalFred post# 3238

Wednesday, 04/25/2007 10:37:53 AM

Wednesday, April 25, 2007 10:37:53 AM

Post# of 21720
You have very good points. The reserves are not proven, that is the only fact, and I'll stipulate it. The order and the deal are consequences of that fact, so they don't add further information. My hope now is that Regent will prove the reserves, and it will eventually lead to bigger deal.

We've talked about that possibility of a scam before. One can never rule it out entirely. Based on minutiae in communication though, I personally reached the conclusion that the people involved are not lying: they lack the sophistication and, well, competence to pull off a scam. It is more likely that they are deluded than lying, and that will be determined by Regent. imho.

Sadly, a coordinated attack on the pps could ruin it for innocent investors, and I know Alex isn't the only one out there with a motive.