Just about a month ago he was telling me on the phone that financials were underway and would take 3-6 months. I think that may be a direct indication that he knew the SEC was about to give him and TRGD stock the yellow card, so to speak. He also said he had decided to stop work on financials a couple of years ago due to complications between US and Mexican financial accounting treatments and a need to prioritize use of limited funds at the time. Whether it will eventually turn out to be a good thing is yet to be proven one way or the other.
The positive with TRGD is that it owns 80% of TARM, so there is value in the stock even if it stops trading as a pink sheet. IMHO, it is doubtful that he can get financials to completion before SEC decides to stop trading on the stock for 3-12 months. That doesn't mean the stock has no value; it's just not free-trading as a pink sheet. The worst case would be for the SEC to say the stock is cancelled and can never trade again. I doubt that will happen. He is probably focused on ensuring the stock can trade again after financials are completed in the next 6 months. Now why would Rich want to let the stock STOP trading publicly even temporarily? We can be cynical; maybe he even wants to buy more shares (on the cheap) himself from disgruntled shareholders who cannot wait a year. There's no way to read his mind, and there's no easy way to give him the benefit of the doubt either, as he has promised lots of things (repeatedly) in the past. He has lost lots of credibility over the last two years, but it is also in that time that he has built the most value thru TARM. If he has been anything over the years, he has been a "wheeler dealer", as he seems to love making deals to build value ... but for whom? IMHO, he's working primarily for himself, not his shareholders.
If I could sell my shares today for $.50, I'd take it, even if I knew it were going to be worth $1.00 a year from now. Why? Because I'm a disgruntled share(bag)holder who's tired of having Rich make me feel like a fool for ever trusting him.
Best of Luck to all TRGD share(or bag)holders,
'peeker
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