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Re: intel2 post# 65739

Tuesday, 06/08/2010 10:28:58 PM

Tuesday, June 08, 2010 10:28:58 PM

Post# of 83044
Honest judge.

Ha, ha, ha.

You must not have been to Orange County.

I advise staying away from "The Orange Curtain" .... in short.

That said, as has been expressed by others, our presence here is most likely (and unfortunately) ceremonial.

If there are big corporations that can't make it out of BK; what should make us think that when our paper assets (to date) dont even exceed our total debt, that such things as us shareholders are anything but expendable?

Granted; and I don't want to conveniently omit this, the assets, after more work and certification, may be worth more, however, this involves costly analysis and certification, not to mention the realistic costs of setting up a proper advanced floatation mill, and getting it to work right, not live off month-to-month pipe dreams that defraud your investors.

However, given the difficulty so far, and the hole it has put this company in, I don't quite see this process (and challenge) as being as "easily" feasible so many here seem to believe.

At this point, I honestly believe I'm musing over this whole thing as a big, big joke. If the core of the company can manage to retain the assets they have a claim to, maybe, maybe once they get their act right, we'll have a shot at something.

..... But not like this. IMO.... smile

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