wittke,
I am a bit troubled by this PR. This looks to me to be a nearly identical strategic plan with the CEO's other company...RSDS. I still fail to see how it is legal to have to own and function as the CEO of two separate companies, in the same region, in the same business in the same industry. There has got to be some sort of conflict of interest here. If there is not, anyone thinking about investing in this stock needs to take a cold hard look at RSDS.
I for one am actually a little surprised to see Berman actually come out and report a 504 is in effect. Normally, he does this under the radar. I wonder how easy it is going to be to actually operate two separate 504's at the same time. Guess he is going to have a great Christmas!
I also like this statement:
"The Company will also search for a suitable senior mining joint venture partner to form a strategic alliance for continued growth."
I am not sure this company has had any growth, so I fail to see how there can be continued growth. The only growth I can see is negative growth and that is from a PPS of 1.10 to .02.
Now, I will give this stock a chance and see what happens before I get too negative on it, however, I have little faith in this CEO.
-faz
"I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine." - John Galt
