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Bullboard - Stock Discussion Forum Resource Capital Gold Corp GDPEF

RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.

Bullboard (GREY:GDPEF)

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Post by LeftBookon Jul 26, 2019 7:07pm

Lockdown's broker and tax credits

Lockdown, what does you and your broker think about the value of RCG's tax credits and shell ?
Post by LeftBookon Jul 26, 2019 7:05pm

Jack's e-mail

is this authentic ? seems to be missing words. eg. I had very little [to] work [with]  I did everything I could. So sorry it had to come to this, but I had very little work, given the ...more  
Comment by LeftBookon Jul 26, 2019 4:06pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

so basically 1. RCG management signs credit facility agianst all properties 2. Management runs project to drain cash forcing the company into bankruptcy 3. Weak market ensures that all properties go ...more  
Comment by damianchosenoneon Jul 26, 2019 3:51pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

Group has interviewed several former workers that have told them of the wrongdoings onsite. Gibson signed the deal for the sprott lending facility. Gibson leased faulty equipment from a subdury ...more  
Comment by LeftBookon Jul 26, 2019 3:43pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

It is going to be challenging for the group from the Reliance to prove that things were predetermined to fail. therager and others made a good case that Dufferin's gold was underdefined at least ...more  
Comment by damianchosenoneon Jul 26, 2019 12:35pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

There is a group talking with a lawyer now. I know they also have a promise letter from lewis when it was reliance resources that they were going to make their money back. There is lots of proof that ...more  
Comment by LeftBookon Jul 26, 2019 11:59am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

  Digging a little deeper. corrected Unsecured creditors might elect to convert that offer to shares.     proposal (1) offer secured creditors (sprott) 1 million (2) offer ...more  
Comment by damianchosenoneon Jul 26, 2019 10:59am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

The 2.2 million was forgiven by sprott lending so it is not owed. Jack and pwc are owed less than that. Also the 2.2 million total was not used up fully. Jack and PwC made in the insolvency agreements ...more  
Comment by LeftBookon Jul 26, 2019 10:15am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

Digging a little deeper.   proposal (1) offer secured creditors (sprott) 1 million (2) offer unsecured creditors 1 million (3) 2c per share offer. Equivalent to $3.5M (4) Unsecured ...more  
Comment by LeftBookon Jul 25, 2019 5:38pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

Yes. RCG doesn't have a liability to Sprott Lending. I assume that RCG still has to pay PwC, Jack, etc. Lacking a number I assume it will consume the entire 2.2M of the sale of the properties ...more  
Comment by damianchosenoneon Jul 25, 2019 4:42pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

The 2.2 million liability would not be included as sprott lending took that off as forgiveness when they acquired the 3 properties. The proposal would also not include the cra debt. I spoke to cra and ...more  
Comment by LeftBookon Jul 25, 2019 2:50pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

Damian wrote: someone can make a proposal to offer  secured creditors ( sprott) 1 million. ( they should take it as they already got all the properties and wrote off the project). They can ...more  
Comment by LeftBookon Jul 25, 2019 2:44pm

RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

Update balance sheet again. Correcting for items related to real property including liens, reclamation bonds, asset retirement, etc     PwC wrote ... As the sale does not provide ...more  
Comment by LeftBookon Jul 22, 2019 7:57am

RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***

Hypothetically a shovel ready company could acquire the shell for the cost of the amount owing to CRA, and then pay off all liabilities with tax savings. Some, like Gary Lewis, might prefer shares to ...more  
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