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REBgold Corporation RBGCF



GREY:RBGCF - Post by User

Comment by badactoron Jan 23, 2011 12:07pm
377 Views
Post# 18013984

RE: Tom O'Brien Interviews Ross Orr

RE: Tom O'Brien Interviews Ross OrrJust a thought for investors here. Ross says he will get the Governments to allow BAC to apply it's technology & keep the metals & selll them. There is another company (BQE) that tried the same approach but has recently gone to a user pay format to alleviate the commodity risk for (BQE) investors.

Ross split this company for one reason & that was so he could collect wages & compensation from two companies not just one. Additionally he needs CAPITAL to finance his ventures with BAC & he can call it a dividend if he wants but i call it nothing more than a consolidation (& a sneaky one at that).He says if you don't want to own a gold company then sell your shares (at a loss) at the moment.The guy running RBG is a mine builder he says. Well we all know that very few concessions really become mines the odds are not good & RBG doesn't have that good of concessions to explore.

 I have been a long term holder of the technology company listed on a useless exchange & like others now own a whole lot less shares in the company i bought & a whole lot more shares in a company i didn't want to buy because i have little or no faith in ROSS ORR not the technology. Ross has fiddled around for years making himself options on top of wages by producing little more than hot air.

Noew bone never knows in this business everything or nothing is always possible. It might just be that Ross can finally pull something off that is truely of benifit to his SH's. I will hold both companies for the time being because one or both can always be used as a tax loss if they don't work out. To ROSS I say if you can't move this forward (BAC) in 3 years time then sell the company or resign because you have had ample time to prove up your ability to CEO a company & have in my opinion failed miserably.

Not Bashing Just giving you new people the facts. Ross ran the previous company for many years & did little or nothing to increase SH value. BAC & RBG might do this but i remain skeptical because selling the ore for profit when commodities fall is risky business & he should be getting some money besides just the ore up front to fund operations reducing the risk for his SH IMO. He can go on forever collecting wages & compensation if investors allow it without producing. Produce quickly (you have had the time with the previous company) or RESIGN !!!!
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