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Re: crynik post# 3286

Sunday, 07/20/2008 1:55:21 AM

Sunday, July 20, 2008 1:55:21 AM

Post# of 34521
Nope... I'm being straight forward about what I see and what I intend. I see a chance for finding there is some decent potential here... that has a chance to be properly realized AFTER the reverse... likely not before.

The history here of not following through with "we're gonna" that includes the already authorized 1 for 3000 reverse... gives more reason for pause.

That all. I'm not saying it is a scam because there isn't any gold in the ground, or because I don't know for sure what the assets are worth or who owns them. I never got that far in my DD... because there wasn't and isn't any point in going that far... until AFTER the reverse... when the number of shares vs value in hand will make an investment case that can't be made now ?

Divide the cash in hand by the number of shares authorized and apply an industry discount to the value of cash... and, without having done any DD that will give you some assurance of other future values... that will give you a high end range in imputed share value.

It is simple math.

50 million dollars
300 billion shares

They have $50 in cash for every 300,000 shares. Yeah, really, I just don't know anywhere else you can buy $50 for $1500.

Here. I have a $1 bill. I've convinced every one else who owns a $1 bill to not sell them right now... so, you want to buy mine for $30 ???





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