I'm telling you that you need to re-read T9's post......
Carl Jr. suggested they only had 1 option, Tommy just said they have another......it's called an IPO which is what VGREF is.....
I ask why some potential partner hasn't bought shares since Josh was saying the CT Order could have been DP buying VGREF shares......
They could sell debentures to ANY potential partner as a way to finance operations. Those debentures are like bonds. If VSPC is considered a HIGH RISK then more collateral may be required......but Chang holds all Carl has to offer right now.....VSPC is tapped out, unless CHANG allows himself to hold the SECOND mortgage.....instead of the FIRST. They could use the license and facility as collateral.
A JV is highly unlikely based on Carl's management. He insist on a paycheck while the company continues to LOSE money, as do the 2 other amigos, Chang and Muzi. Who wants to buy corporate bonds from a company that lacks MORAL AUTHORITY?......if GKG is set to take out coal.....do a SECONDARY and EXPAND.
Look at a filing.....there's more about stock options for management, payments to PROMOTERS, and RISK FACTORS to the business than SALES from a product that was suppose to create shareholder value IMMEDIATELY over 30 months ago.
At least one poster was SILLY (as you say) enough to post it.....who's going to do a JV with them if they CAN'T prove they can deliver......and why are they going to ADD if they don't have a CONTRACT......
If you find time in the near future.....if you could EXPLAIN to the OUT TO LUNCH CROWD why this is such a GREAT BUY.....and it's OAMOT before it all works out because of Carl Sr's great leadership......it would be appreciated.
Thx
