Ok will pay attention, in response :
1.No I dont think all investors idiots, just some seem to hang on to thought company might make it contrary to all results. Some just dont know enough about the sector to make intelligent judgements and dont seem to want to learn. ( I dont know tech sector, so if I just speculated in that sector, I certainly would listen to those with more experience).
-Look at the track record It took me several posts to explain the amount of convertibles outstanding and effect on outstanding shares. If people speculating on a stock and dont understand basic accounting, then who isnt paying attention ?
-Others have also posted abut the NI 43-101 issue, yet some supporters kept saying the company had a NI43-101 report !
I can give example after example, why shoot the messenger ? Just a penny stock anyway, they could have had just as much leverage without silly projections that in my opinion they knew they couldnt meet.
2.Potential ? We have little way to judge potential. We dont have up to date pre feasibility or feasibility study, we have no reasonable projections on exploration and development costs, very little actual information on these properties. On top of that they dont own the properties anyway. yes is gold and silver in those properties, but do we know if they can be economically extracted ? Is company structured to raise necessary capital ? Does CFO have track record of achieving objectives ? CFO not only needs $3 million for mill, but millions more to survive and explore the nerby mines.Can anyone honestly say that the track record of this company justifies a multi-million investment ?
3. Court System Make Shareholders whole ? Not enough money here for class action lawsuit, doubt CFO could be brought to trial and forced to payback shareholders, but if you believe there is some basis and probability for this happening please do let us all know how.
Even if they get permit, wont help current shareholders.Simply 2 reverse splits removes that potential forever. I am not sure why this is so hard to understand. Just basic math.Just what happens in pennyland.Except in this case once 144 filings reviewed by someone there may be more to problem than poor management.
