LOL HA HA WHAT TWO TRUCK LOADS, THAT WAS A TEASPOON TO WHATS THERE. You can always count on JR to streamline the hell out of things to get max dollars out of it, That's what I have always liked about him.
Just sent off email to united to get their side of the story...in April Reid issued press release, but united never acknowledged the deal from their end and Reid included no united management names to beef up news release...five months later deal now rescinded. And several months until new facility operational...what is next.. Specialized broken part requires additional down time? I will hawk united management until I get reply. All might be as Reid states ...or it may not...
(A repost eliminating anything of microscopic content which would could even vaguely be considered "off topic")
Indeed this is getting more hilarious and entertaining as time goes on. On 16-Apr-13 the PR proudly announces 156 tons of minerialized rock has been delivered, and the expected " revenues" $236K. Assume Duncan sent the "good stuff" of 40oz/ton to UC. What was the price of silver from Apr through early to mid May? Answer: 24/oz. After that it started dropping. Shall we do the math: 156 tons * 40 oz/ton * 24/oz = $149.8K. Even if one assumes it costs absolutely nothing for TRII to truck it there, and UC is concentrating and smeltering the mineralized rock for free, there is $86K being created out of the smelting vapors. Of course UC didn't do their part for free. Thus the $236K claim was totally bogus. And being generous on margins TRII might have gotten $119K which comes close to what was reported IFF that was the only shipment, and the 40 oz/ton is accurate. Duncan as usual never explained the revenue shortfall. Once more time: Where are the Revenues!
What if the $40/oz is also bogus? As are all the other claims. Even the SEC was sort of curious
What was Duncan's response when cornered?
So after 9 months and a loss of $1.5M+, you couldn't afford to assay all of that there silver mineralized rock laying around on the ground, according to SEC Industry Guide 7? As in make it reliable? Grab samples eh?
Translation: Creating a subsidiary is a way to try to hide by accounting as to the true nature of the business.