There was just recently a buyout of IDM mining (IDMMF) and the buyer Ascot (AOTVF). The shareholders of IDM really got screwed. I was already down about 65% on IDM and then the buyout where I receive 200 Ascot shares for my 3000 IDM shares. Basically no gain. Still 65% down on my original investment. IDM owned the Red mountain project in Canada. It had decent resources. I am sure IDM made out like bandits where the shareholders got screwed.
So how can you trust any of these companies including MJ pennies?