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vlftraders,
As I said in my post, I still have 2/3 of my stock bought for less than a penny. As I also said, I like the current outlook for VHGI. It looks better now than ever. Just trying to inject a little more realistic fact based outlook. The facts are in the filings for all to see. The reality is we are currently in default on almost $50 million of debt between related and non-related parties. We have given away over $6.00/ton in royalties, reducing the income from $61/ton to $55. At 20k tons/month that means $1.1 million in revenue not profit. Opening up Phase 2/3 should help but that comes with higher expenses as well. Just keeping the revenues from IPL coming will be a huge benefit, with new ones hopefully following. Up to now the only resource VHGI had to cover debt was giving away stock and royalties.
Again, I think thing are looking positive for us.
MB's notion of Risingers 1.3B shares being a "poison pill" to prevent a hostile takeover is laughable. This is a penny stock not Ford or IBM. If VHGI ever gets near a buck I guarantee he will sell some of his shares, and why shouldn't he?
GLTA
