YUP they raided the offices in Houston two days ago...
It was all over the news here...
Speaking of ....another 2 billion shares of stock to be issued by FMNJ...that means there is no positive cash flow...
If they are going to do 2 billion shares that would raise about 130,000.00. That means that there probably is no cash flow...
After this hits the market...I think it will be extrememly hard to get a bid..it is hard enough now...
In this market...I am going to have to sell and just get what I can ...the luxury of waiting is gone....and I am sure it is gone for alot of other americans... Don't be surprised if the market hits 5000 over the next 45-60 days...
People are going to have to pull what money they can to survive and keep a roof over thier heads, me included.
The company has missed its window of opportunity.
Now with the new stance in Bolivia, including Evo taking over the cooperatives... that means any mine of any size and potential will be eventually owned by the state.
The politics in Argentina has disintegrated considerably since three years ago when they started...
Banking that was interested in Argentina now have it at a considerably higher risk, the drop in the price of crude, well makes GTL a borderline alternative...
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