GREY:LRTNF - Post by User
Comment by
UptickHedgeon Mar 12, 2023 1:10pm
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Post# 35333398
RE:Michael Oliver Gold update, PGM = 3way split merger..
RE:Michael Oliver Gold update, PGM = 3way split merger..I remember 3 months ago when the pumping first started. I cautioned that the only hope IMO was for the insiders to rally together and try to save their equity investment by raising funds/investor in conjunction and digging down deeper and trying again. No way to get past the secured debt. No buyout for the shareholders. No reason for a new owner to keep the current companys structure intact.... At that time Pulcan responded by saying to forget that idea, that I must have lost all my money, that the old company was dead and to get ready for new owners to buy current shareholders share at a premium - and that somehow the old company's stock was going to flourish still even though the old company was over?? Made no sense then or now.
Well after none of his predictions have come true and the KSV report proves it, now his thoughts are inline with my possible theory of 3 months ago. Tho since that time all sprott affiliates said they were not pursuing the mine, so....