All they wanted was cheap money to fund operations. There are miles away from any observation and can black market and pocket everything they find. They are nothing but crooks and will never get current, unless they could sell the shell. Most likely they will start another scam up promising the moon to unsuspecting folks.
Now all the people who are working with the company appear to be reputable and so do not agree w scuba doo but regardless the problem may be they just aren’t able to produce profit margins above costs for a variety of reasons weather, location or political @&!#% stuff or lack of skilled miners
There was all the pr that they were doing well and undervalued and profitable going forward sept 2015 ... and now to state that management needs to loan and has been loaning large sums just states the opposite of prior press releases in 2015 or 2016 - either you are or you aren’t profitable and if not than ok your mining but not in the right place or the right way or the right stuff or with the right equipment or the right skills or something else
It appears that if not able to produce positive cash flow there will likely be no filings for some time and like filing said management hopes to be able to covers costs -
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