While I have not got any ''privileged'' information,what I see here is pretty much a classic textbook example of a Vancouver Penny Mining stock-they start out when a PROMOTOR picks up a ''shell'' consolidates it and renames it,then proceeds to recapitalize it and the dilution game begins all over again.They come out with ''Huge News'' and tell everybody what ''we anticipate''and all the naive shareholders are lulled into a sense of false security because ''this ones diferent''.You could probably superimpose virtually all of the Vancouver Penny Mining stocks one on top of the other and the only diference would be the names....
Eventually the dilution factor becomes such an overburden,the company cannot raise anymore equity capital,they can't meet their payroll and the banks either won't loan them anymore money-and if the company can't make the payments ,the bank closes them down.The assets are sold and the buyer takes it over for pennies and the company now with no assets,reverts to a shell again ,awaiting for another promotor to pick it up and begin the game all over again...
My assessment is we are in the dying days,this is just a salvage operation now,and management will carry on drawing their salaries unto the cheques are returned stamped''NSF''
Yes the Price of Gold WILL rebound-but chances are PTQ share certificates will just tacked up on the wall to join all the rest of Vancouver penny mining stock share certificate wallpaper by then....
AI
