HAVE BEEN READING through the last PR above, and some of the earlier ones. Yes, scam flashes loud and clear if only because of what we have learned about Lumb.
If, there was nothing else, to me, that e-mail he sent one of his investors (nothing to do with GWGD) and which I, and others have posted here in the past, was one that could not be ignored in judging the man.
In fact, it was incredible that a CEO would put such a condemning outburst in print.
However, having said that, if gold continues its move as it is doing, there could well be some hidden value in this company, purely and simply from this gold portfolio.
This could be why the company has let the stock price go down. It could well have been buying them back itself for less than peanuts - all it could get its hands on.
Put yourself in that position. You have an asset whose value has
never been really declared, only hinted at. People invested (speculated) on that value being realised.
However, once you have drawn in the money, you run it down still holding this 'unvalued' (except perhaps to you, and your 'scam cartel') asset.
You act in a way that will shake people out as you pick up the shares for nothing. Meanwhile something else is happening - big time:- That 'asset' has been considerably increasing in value. (and you and your 'cartel' are holding most of the shares).
There is no rush, because the 'asset' is continuing to increase
and it is costing you nothing - just like a piece of valuable land.
On the big board, companies buy back their shares when they consider them undervalued (there are other reasons) But in those
high profile companies they are watched closely by financial wizards who can tell when the company is undervalued. So, it is hard to hide (deceive the investors)
There was something in the above PR on which I wonder if anyone knows the answer:
".........The successful conclusion of these two transactions
will leave the Company with a significant stock holding in two separately quoted Mining Exploration Companies.
It is intended that the Company's stockholdings in these two companies, be distributed primarily to its stockholders, the balance of these stockholdings to be retained by the Company to create additional funding from a portion of the sales of these stock holdings to expand its interests in its core "debit card and payment solutions" business at a far more aggressive pace.
The Company expects to announce significant developments in this core area of our business, very shortly............"
What are the names of the 'two additional separately quoted Mining Exploration Companies' ?
