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Re: fsmith1952 post# 4765

Saturday, 03/07/2009 1:32:57 PM

Saturday, March 07, 2009 1:32:57 PM

Post# of 8728
Well fsmith, you may totally reject the notion that you need money up front to pay workers when you hire them, but the last time I checked, deficit spending is what has gotten this country into its present predicament. The US government seems to have no problem with printing money and giving it to companies like GM, AIG, Banks, that can't effectively manage themselves, but do you think they would do that for you or me or Magnum? It has obviously taken a lot of money to put the plant together, and I'm sure they have a lot of creditors knocking on the door wanting payment in addition to those expenses you mentioned. Adding to that problem IMHO is no way to run a business. It's all about priorities and obviously the companies priorities are focused on enhancing the plant facilities in Magog, obtaining financing necessary to continue with research and expansion and not on mass producing nuggets and buffings at the present time. If you want more specific info, then I suggest you call Magnum and put the questions to them directly.

Makamai

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