I agree on some of what you state:
1. MM are the likely shorts if this is being shorted.
2. Duane Morris parted on less than favorable terms.
Disagree on why Duane Morris gave extension. Anyone can sue, even on bogus basis, to extort $ in settlement. No evidence Mexican plaintiff has legitimate claim, therefore no evidence Duane Morris did not properly represent USPR.
Duane Morris would give extension, if they would want their $ more than being "stuck" owning the cow. But they would not wait for ever, IMHO, based on track financial record and where-with-all of USPR.
Speculation on what is really happening...not fairy-tale. Duane Morris can do two things going forward.
1. Deem default if not paid in full in 12 days, and record deed. or
2. Sell position to third party (mining company) for $3M and be done with USPR and double their money.
Certainly someone would buy the property for $3M, even to develope Condo's for Mexican drug cartel. (lol)
Property certainly is not close to a slam dunk for ANY legitimate mining concern. EXK, (NYS exchange) extremely successful mining company mining actively in the next state had absolutely interest in even looking at the property, AFTER looking at published results of core drilling. They recently bought $250M of additional mining property in adjacent state....not USPR.
Moon is "sharp" and wouldn't go on board without doing complete due diligence before going on the board? Throwing 1M free shares for doing nothing enough motivation. Putting buddy with NO mining experience on Board (and given bunch free shares) ...not very supportive of your position...
Word is that he bought ton of stock (of another company) on someone's recommendation involved in USPR and lost a bundle... (more reason not to be happy with USPR) Due Diligence you say? Smart you say? Reports are this guy has lots of money at his disposal, doesn't mean he is always prudent or smart.
Who might be buyer of Duane Morris position?...could be Moon (now that would be smart...and more like a cunning S.Korean businessman) or as stated anyone who wants to buy a lottery ticket for $3M.
But to suggest...this is a screaming buy...is less than reasonable to conclude.
Any day now has been any day now for over a year...Why?
As I stated before...maybe Hail Mary pass coming in 12 days to stabilize situation......but if not ... proverbial dong will hit the fan....and fast.
What a cluster _ _ _ _!
