Tuesday, December 21, 2010 10:46:43 AM
http://www.midasletter.com/index.php/russians-aim-for-top-3-gold-production/
Seems to me that a very dangerous precedent has being set, and all companies would do well to remember that transparency and too much information is the Achilles Heel of all. If any company that you own stock in ever announces a JV, reverse merger, merger or tender offer and the indicated parties are not willing to confirm immediately, let the suspensions begin.
Please don't bother bringing up "Greg" again. He could have posted but chose not to. Far too many unanswered questions still exist about that fiasco. Those emails and the manner in which they were presented did more than enough to discredit him to most longs, IMO. We have no idea who that guy is or if he even went to the SEC. Those here Friday before last, will recall that, as soon as the first email was posted, the board lit up like New Year's as proclamations of "SCAM" were shouted and celebrated. Laughing and joking about his weird website is not really an explanation of anything. That is as shady as anything involved with this takedown, to date.
In addition, please don't expect much traction with the fallacy that the company claimed ownership of the property that the mines are on. The red herrings new shows seem to be harping on seem to relate to the ownership of the land, as if we had claimed such a thing. The rights to operate a mine, improve the site and exploit the resources have been covered at length here many times before. Much of what they need has already been placed in the IBox. Oh wait...
I find the denials of short interest to be waxing ever more strident. When trading irregularities are discussed, dilution is blamed, along with the TA. You see the pattern.
Finally, as has been made clear to me, a possible best opportunity to recover the most from your investment might be to encourage all longs to hold when trading resumes. I would never just slink away and accept defeat because some new "friends" show up, who have never owned the stock or sold earlier and advised as such no matter how pleasant they seem. Talking to somebody who actually works for you and is authorized to give such advice, like your broker, would be a very good call.
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