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SevenTenEleven

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SevenTenEleven

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Re: AlanC post# 523

Tuesday, 08/17/2010 7:55:56 AM

Tuesday, August 17, 2010 7:55:56 AM

Post# of 11564
Well they have 1B total to issue, for the right reasons. :) Imagine if "they" need to buy a few hundred million of those preferred shares to cover their shorts. Say at double or even triple the price/value of the recently announced dividend. Not only would NMGL have the gold assets, purchased from FFGO, they would have more than enough cash to buyback the preferred shares from former FFGO shareholders and they would have a heck-of-a-lot-a cash in the bank.

Preferred shares as dividend could be worth much more than cash for all on the long side of the law.

Tic Toc

Please research all stocks before investing. My post are my opinions and are not buy or sell recommendations. Always force market makers to cover their shorts above what you paid. Build wealth for fellow iHub'ers!

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