07-11-2019, 02:59 AM
Predictions:
Technology and asset steal - I just joined but stumbled upon the BB while trying to find more info on the plunge of this stock (been invested since forever - going back to when it was trading at a couple of dollars). When I got in I was skeptical about the two main share holders being from Russia and Middle East, but I liked the prospect of sea floor mining and the management team seemed talented. Was this the play all along by the two majors? How much did they really invest? My gut tells me they held a majority of shares and financed the company on the sale of the 300+ million shares they didn't own (and debt they acquired); used the monies to develop the mineral prospects, core drilling; and build the tangible assets. Not much out of their pockets but had the intent all along to take this company to bankruptcy then go private to dump all the shareholders and debt holders. They get all the profit without sharing.
Might be a conspiracy theory, but that's what my gut is telling me. We got screwed!
Technology and asset steal - I just joined but stumbled upon the BB while trying to find more info on the plunge of this stock (been invested since forever - going back to when it was trading at a couple of dollars). When I got in I was skeptical about the two main share holders being from Russia and Middle East, but I liked the prospect of sea floor mining and the management team seemed talented. Was this the play all along by the two majors? How much did they really invest? My gut tells me they held a majority of shares and financed the company on the sale of the 300+ million shares they didn't own (and debt they acquired); used the monies to develop the mineral prospects, core drilling; and build the tangible assets. Not much out of their pockets but had the intent all along to take this company to bankruptcy then go private to dump all the shareholders and debt holders. They get all the profit without sharing.
Might be a conspiracy theory, but that's what my gut is telling me. We got screwed!