'......The Company retains these Gold Mining Exploration interests as portfolio assets, it intends to extract value from these assets through a future "spin off" or a sale.........
'
I Feel the key could well lie in this snippet from the latest PR. Note especially .....' or a sale'.
As we all know by now - Lumb is a scoundrel, in fact, a self confessed scoundrel - I posted some months ago a comment he made to someone who wrote to him complaining about some previous manipulation of the system.
What we have to do is get into his head, and think like a scoundrel, in order to figure out the possiblities open to him for to make money from this company (whatever name he calls it)
He has kept this going for a purpose. His purpose is to make money by hook, or crook (mostly the latter, it seems) From what I have read about him, he LOVES making large amounts of money.
This does not mean we can't make money at the same time if we use our heads, and keep them clear.
I cannot figure out a way he can do this, here, without the share price going up - considerably.
If you can, please share.
To me, at the present, the way which comes to me is that he and his confederates have been picking up the shares of this company (made fewer by the huge reverse split) as they have been dumped. I mean, who else would have bought them in any significant number?
By keeping us without news, blocking the GWGD website, refusing to answer
e-mails etc., it blocked any interest and made people dump at a loss. The low price would have got any big shorts out, I would assume. He got his shares back for nothing.
Now, if the company was 'undervalued' from its gold assets, as he stated - even in writing to me in response to an e-mail I sent him months ago (before he stopped all communication), and the gold price rises considerably higher, and he holds most of the shares, he is going to make himself a fortune.
This would happen whether he dangled the carrot of 'a future 'spin off', or he sells off the gold assets when everyone is rying to grab all the gold they can as it possibly rises to $1000, and above. There would be a frenzy of buying of gold at some point by the naive masses who always pour in when the party is almost over.
The smart, and cunnning, acquire at the bottom, and sell at the top.
I will put the rest in another post
