OTCPK:MEAOD - Post by User
Comment by
wildman2on Feb 13, 2011 4:50pm
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Post# 18125994
RE: Apples & Oranges
RE: Apples & OrangesI am simply saying that companies do not go bankrupt to the extent that people think they go bankrupt. This MTO is on the verge of producing with gold at 1350 and the Venture healthy. This is hardly the environment for bankruptcies.
The environment for bankruptcies was when teck was billions in debt during the greatest financial crisis in stock market history and it still do not go bankrupt.
That is all that I am saying. If companies went bankrupt as much as nervous investors couldn't handle the downtrend in their stock and speculated about bankruptcy, there would barely be a venture exchange because it would just be too dangerous a place to invest.
There are no bankruptcies in this environment for a company that has real assets in the ground and is ready to produce them. It is just silly talk.
The environment that Teck was in when they were in it. That was not silly talk, and they still survived and are now flourishing. So what I am saying is if Teck survived being billions in debt in that environment. Surely, all this talk of MTO is downright funny.
Now, can we talk about the question that still remains unanswered this weekend: what would a 30 cent financing of 10 million dollars do to the stock price of MTO in the short term and the long term?