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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.

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GREY:GDPEF - Post Discussion

Resource Capital Gold Corp > *****RCG. $1400 PLUS GOLD****)

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Post by LOCKDOWN on Jun 28, 2019 8:48am

*RCG. $1400 PLUS GOLD)

RCG HAS A GREAT FUTURE !!!!!!!!!! LOLLLLL...........

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Comment by damianchosenone on Jun 28, 2019 12:37pm

Your sarcastic LOL says it all! Great future for other shareholders in another company! We are out! We will have no shares left!

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Comment by LOCKDOWN on Jun 28, 2019 1:46pm

DAMIAN TRUE FREEDOM IS WHEN WE LOSE EVERY WORLDLY POSSESSION AND WE ARE LEFT WITH ABSOLUTELY NOTHING ITS AN AMAZING REVELATION THAT THE BEST BEST THINGS IN LIFE ARE FREE.

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Comment by damianchosenone on Jun 28, 2019 2:20pm

Haha! Then you are going to feel very good without RCG soon!

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Comment by LeftBook on Jun 29, 2019 6:18am

gets bought for 20.8 tax credits + 20.8 cash to liabilities = $41.6M mining assets for free Assumes buyer has $20.8M of taxes to pay and has $20.8 cash to pay them. The buyer acquires the tax credits of RCG freeing up the $20.8M of cash for paying the creditors. The buyer takes position of the mining assets effectively for free. The buyer could sell the mining assets for $33.1M recorded on the ...more

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Comment by LeftBook on Jun 29, 2019 7:19am

I guess George's group didn't have the cash for such a move.

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Comment by damianchosenone on Jun 29, 2019 10:21am

If the buyer pays off the 20.8m to the creditors and then keeps the company, how do sprott and the shareholders get 20.8 million? Aren't the tax credits used up and paid for the creditors debt?

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Comment by LeftBook on Jun 29, 2019 4:15pm

Thanks for the question. My post was not clear. My scenario was a cash buy out that valued the company at $41.6. $20.8 went to the creditors. $20.8 went to Sprott and the other investors received. Regarding the $41.6M valuation. 20.8M is for mining assets (vs $31.3M on the balance sheet) 20.8M is for tax credits (vs $10M estimate market value) ...more

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Comment by LeftBook on Jun 29, 2019 4:16pm

The balance sheet provides a quick and dirty estimate of the value of the company. balance sheet assets - liabilities = shareholder equity A better estimate of the value to include the in-situ gold, the value added to Dufferin bringing it closer to production, and the tax credits. Let's call that value the real value or intrinsic value. ...more

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Comment by damianchosenone on Jun 29, 2019 4:33pm

I believe rcg sells for 15 to 16 million total. 10 million to sprott, 2.2 to Cra and the rest to unsecured creditors. Spoke to a few of them and they think they will get 30 to 40 cents on the dollar. If they accept, then we get a shell. If they do not, we lose everything!

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