Being somewhat optimistic about TARM future based on their assets (not their operations) ... TRGD has nearly completed filing of their questionable financials, and should soon be merged into TARM.
What are the benefits of bringing TRGD into TARM?
1. Substantial loss carry-forwards from TRGD will offset TARM's future profits (whether TARM is eventually taken over or by the grace of God or they actually do execute a JV agreement with a company that can operate the existing mill). It would be interesting to total up all the losses accrued by TRGD over the last few years, but I haven't tried. I would assume that the JV agreement is not going to happen prior to TRGD merger into TARM.
2. The other benefit is to TRGD shareholders. Of course given the realities of human nature (and that of the CEO), TRGD's most important shareholder is Mr. Biscuit (who seems to own many more TRGD shares than TARM shares). After his TRGD shares are converted to TARM shares, he will then focus his efforts on making TARM profitable OR sell assets one by one, b]OR just sell TARM lock, stock, and barrel as a way to get the hell out of the business of operating a mining company.
IMHO, TRGD financials are more than likely "being constructed" so that TARM will be able to take advantage of the significant LOSSES that TRGD has finally filed. These loss carry-forwards will help offset TARM gains in future. I would imagine that TRGD booked some losses so that TARM's filings looked better over the last couple of years.
As you can tell, I don't like how Mr. Biscuit has treated his loyal TRGD shareholders over the last couple of years, but I'm still holding some TRGD and hoping the sh*t doesn't hit the fan before he can capitalize on the significant assets of TRGD and TARM. When he does, I'll get some benefit from his "efforts", but you can bet your aXX that I'll never buy into anything associated with Mr. Biscuit (or his perpetual lies) ever again.
TRGD is up a penny, so have a nice day!
Oops, it's now off 4 pennies, so forget the nice day thing!
'peeker
Focus Focus Focus Focus !!!!
AI
