GOLDBUGS AMEX Goldbugs Index (GOLD)

[eik]

Haven't they just announced an offering? It's just mathematically impossible to implement all those huge plans without further significant dilution... or having someone with deep pockets behind their back. As I said, I like the idea and went through the company's website and latest SEC documents. If they had a support (JV) from a major bank (like Citi or HSBC, for example) this would look more real. But bankers will never support ATMs that would drive money from their accounts and compete with banks investment products. So, the ATM will be located in malls, hotels, etc. I think one of the big retailers (like Walmart) could be interested... I'm going to watch for now and suspect that the share price will drop on the current stock offering.
IMO.