EMLL It's pretty funny... They seem to be a 2 person operation, one of which is the accountant and one of which is the CEO. They borrow money from relatives to support their 'operations'... and have defaulted on three sub 10k loans over the last few years. They have one of those scammy looking websites with their ticker listed front and center... never a good sign. They have no product, no mines, no mining rights (contrary to all the hype), and have had no sales of any type... ever. They even got some sort of out of the box ready to go cigar company a couple years back and coulden't sell a single one of those...lol... Best as I can tell they have obtained some sort of a license to trade and export gold out of Africa... who the hell knows what is actually involved in getting that sheet of paper. You tell me what the hell good THAT is going to do them with a big fat 0 in their assets column... Maybe the CEO can take out another loan from his mother in law to purchase a few nuggets and resell them in HK... who knows. Their main focus in every SEC filing seems to be their 'dire' finacial position and a continued effort to pump their stock to the public with press releases (it's right in the filings, check it out) They go on to talk about how great the market for Gold will be in Hong Kong over the next 10 years and all that... well that may be, but how exactly they plan on getting a piece of the pie Im not really sure
Yes, the technicals seem to be setting up for some sort of run here, but how long could a person actually hold this thing with any confidence?
