HERE IS JUST A THOUGHT..................I have been trying to figure out all the angles for a scam. In other words, what can Lumb be up to. This is a POSSIBLE one.
All along, Lumb has felt that his 'hen to lay the golden egg' has been GWGO's mining assets. He would have been well aware even a year ot two back when he took over the company that gold was on the move upwards, though at that time slowly, probably too slowly for him.
The 'mines' have no employees probably cost nothing except perhaps land taxes as they sit there. But all the time, that land, assuming there was potentially gold present, would have been gaining in value.
Now he sees that possible dramatic rise in POG is imminent. The world banking system is starting to crumble, inflation is on the rise. Countries where the people love gold have been getting richer - China, India - all of Asia. Everything is favourable.
He needs to get his hands on the money, and to do that he has to sell them. Any legit company, and it will NOT be another 'pinky', will want to know that all is in order before they would complete any purchase.
At the present, he is probably frustrated because he can't get the money until he has completed everything in good faith. This is no doubt where his past has caught up with him. It would not take much research to discover what a scoundrel he is. So, they will take no promises.
The possible 'shell' Unitrust Credit Card business could be a 'blind'. It provides the 'reasonable' excuse of why he needs the money, as in where he is going to put it. If he did not have anything, alarm bells would be ringing very loudly. Just think of how we would feel if there was no 'other venture'. When he was trying to sell the mines, we would have known he was winding up the company. So, there HAD to be another 'shell'.
Once he has got 'CASH' into the business, it will not be difficult for such a guy as Lumb to find a way to make it disappear, and then let the company go under.
I would say to anyone who has shares to come in the names of these companies being sold to make sure they get their hands on them. They may be the only ones who come out on top.
Not saying this is the likely one, it is just a thought. I hope all will go well. It's just that something 'smells'
especially since I read the reactions of the 'brokers'to the way he wants to conduct the transfer of shares.
If it is something long drawn out and complicated he might talk the purchasers of the mines to complete the deal on the strength that all is moving OK now it is in the hands of the brokers.
Now how do I think these things up? Its my time served in law enforcment - criminal law in the UK, I like to solve crimes.
