Replies to post #11427 on US Precious Metals (fka USPR)

[mongoose64801]

Precisely, and I would agree fraudulent, or something very close. Now management has wormed into a deal to gain themselves tens of millions of extra shares. There's almost no chance that USPR is going to ever profitably process ore in a plasma plant in California.

Now considering the incompetence and miscommunication around
the satellite results, one can only hope that somehow there are commercial amounts of gold on the property and that management sells out. Even then shareholders are standing at the back of the line. Pane, the board, insiders, Mesa, etc. They all have taken first "dubs". Not likely at all that the share price ever gets to the levels that many here have speculated.

[Student of the Game]

You might remember that the PLASMA deal was totally restructured prior to its closing and the final terms did NOT include any revenue sharing, but also significantly reduced the number of shares in the Plasma transaction.
USPR has a royalty free use of the Plasma Technologies plant for five days/month and the right to build its own plant with Plasma contributing to the cost of the build out. There is a royalty free license for 25 years. In addition, Plasma signed a note to USPR for $5M. The complete terms are in the most current 10Q.