I'm pretty sure I know where you are coming from and certainly don't expect a glowing report. If the fraud squad is right then this is one of the most prolific and successful group of scammers to ever escape prosecution in the history of mining.
Even in light of the knowledge of the background of the principals, there are very credible insiders and professionals with no connection to the past who believe the proposition and the scientists who are inventing and proving up the process.
If that can't be done wherein the former principles really have no input into the development of the process does it prove that the intentions of all involved are false?
I don't think so. I think that the scientists, engineers and professionals who are now in charge are honorable folks and believe in the process they are developing.
Additionally, I find it odd that LUXOR would put up another $4 million to move the project to it's conclusion without some believe that the process will work as it is scaled up.
Nevertheless, there is a lot of room for skepticism but I think now days it is more from the fear that the final process won't work for some reason rather than the credibility of the founders and the geologists findings and reports in the past.
A more interesting study at this point in time is to learn who exactly owns all the stock in this company. I think there are two original stockholders who own over 40 million shares of the company and were recently disclosed as insiders but I'm not sure. This could explain why Luxor and other recent large investors have put up so much money to keep it going.
In any event the accountants have now put the resource value of the slag pile on the books so they must think the extractions process has been proven up enough to be able to do so. Probably a good idea to check this out. I think that is why the pps moved to where it is today to reflect the value on the books.
It is obvious that the fraud squad can dig up a lot of dirt from the past on some of the folks associated with the project but I am more interested in learning about the people running the show today.
I am looking forward to the exposure of any real proven findings. Guilt by association or unfounded inferences won't scare anyone away from this deal. There just aren't that many little guys in this. The big money in this have put up a huge firewall of credibility in recent years. They do have something to protect. Especially the guys who have 40 million shares at .03 if that is the case.
Good luck in unveiling the truth if it isn't already on the table.
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