Replies to post #215 on Continental Resources Group, Inc.(fka CRGC)

[Steuvin]

Me too. Giving CRGC all that money will not help anybody:

1. It won't boost CRGC's stock price because that is pegged to PGLC and, in the short term, the transfer of that money to CRGC will hurt PGLC. The extra cash to CRGC balanced against the loss of the cash to PGLC would at best be a wash for CRGC's stock price.

2. The above is relevant only to short term traders anyway. Ultimately, since CRGC will become PGLC, it is just transferring money from one pocket to another. A wash.

3. It could have a significant negative effect on the near term operations of PGLC since it locks away that money until the transfer.


I hope and believe that if CRGC is owed penalty money from PGLC that CRGC foregoes it.