Replies to post #411 on The Metals Company Inc (TMC)

[uber darthium]

$2350 in the bank. That doesn’t even begin to move the fuel barge,

nor does it pay the crew,

nor does it feed the crew,

nor does it begin to pay the insurance for a day or operate the boat

nor does it buy any plane tickets to Singapore

Doesn’t pay docking fees

Doesn’t pay local pilot fees

If AllSeas was a public company, this would look very very different. Young Pieter (Allseas) has only his father Edward to answer to as to why the boat is financial drain on their family’s business getting nothing in return.

About Nauru,

“in 2002, the U.S. treasury defined it as a “money-laundering state” for allowing the “establishment of offshore banks with no physical presence.”

Scams scamming with scams, in my opinion. The big question, what’s in it for AllSeas to let that ship sit without income from operations, anchored in nowhere.

And then that Classification issue…

TMC has that SCAM smell to it, in my opinion