GREY:GDPEF - Post by User
Comment by
LeftBookon Jul 26, 2019 4:06pm
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Post# 29965559
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:*** RCG DAMIAN PREACHING HOPE***
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 for next to nothing **
** also possible that no one wants to play ball with Sprott Lending and the gang
If all these problems are related to Sprott looking out for themselves then management shouldn't have signed onto to the Sprott credit facility. And how does that relate to Reliance which was years earlier.
Greg Gibson acting as director for RCG and signing for Sprott Lending is very odd