Replies to post #4111 on Fonon Corp. (fka FNON)

[hukoyo]

[1] I don't know who is trying to fool who ! and Valentine has posted about his issues on his web site
[2]The Fact is Valentine has got High Court Ordersand unless they are cancelled they remain in force [as stated on this web site]
[3] Mabwe has not invested tremendous amounts of money ! what exactly have they done ! show us some proof [put in a road and a few wooden huts} everything was already there the borehole was there the electricity was already there the main house already there road where already there So what massive investment
[4]Valentine was only there a few months actually working cleaning up exposing the veins doing mainly infrastructure
[5]Valentine has not only filed but won lawsuits and has judgments that Mabwe think they can ignore just playing for time to milk the investors as much as they can like the gold projects it will all end badly for Mabwe and its investors

[pitboss22]

"Tremendous amounts of money in the infrastructure"?

According to ..... who?

So far, Kinsey took some idle equipment and a few operators, crudely graded a mud road and parking area for the equipment, scratched the vegetation off the front of an old cut to make it look fresh and took a few pictures of the process. Hardly a "tremendous" investment. { 8^D

The "partnership" with Kinsey is being paid for by shareholders in the form of further dilution, possibly a huge dilution. Twenty-five percent of Kinsey isn't worth the $5 million the company is paying for it.

Baker Hughes has not invested anything in MBMI. They either get some cheap barite or they don't. They are out nothing when MBMI fails to deliver.

Pretty much the same thing with Steinbock and Yasheya. Contrary to the assumptions about Steinbock, according to industry sources Steinbock is a broker, not a miner. They have been mining in Liberia for less than a year and are losing their butts. Their mine is for sale and it's safe to assume their they'd like someone to purchase their "custom jigging equipment" also. Yasheya is merely a bulk materials shipper.

Like BHI, neither Steinbock nor Yasheya have any investment in MBMI.

Phi has idle rolling stock they are eager to put to use. Idle cars make no money. They too have no investment in MBMI.

Looking at the facts shows this company is just lot of hype and little substance, a lot of empty promises and no follow through.