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jb1967lbk

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jb1967lbk

Re: pantherj post# 233301

Wednesday, 05/02/2007 11:10:11 AM

Wednesday, May 02, 2007 11:10:11 AM

Post# of 358507
My only concern about opening this can of worms in the first place would be that West or anyone else at CMKM Diamonds might take the money from either a loan secured by the stock, or proceeds from the liquidation of the stock, and pretend that the company can be operated as a going concern. "Working capital" implies that CMKM Diamonds could "work" on something. You put "working capital" into CMKM Diamonds now and the same thing will likely happen to it as has happened the whole time the company's been in existence: It will be squandered away.

The best possible thing would be to find a way, ANY way, to liquidate those shares, settle their debts, and distribute whatever remains, a pittance though it may be, to the shareholders.

"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital

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