RE: DisappointedWildman - glad to hear you say that was your last post, since all of them have been "misleading" at the very least. The whole GGRI thing is not anything like you have been portraying it.
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For starters they are an OTCBB company based out of Florida (?!?!?) with a current share price of 8 cents and an average price of 2 cents. If it turns out they aren't a total scam then that will make them one of the very few listed on the OTCBB - but go have a peek at their chart for a little insight. Then peek at their financial statements - they have NOTHING!!! and their website - "Current Projects" - until the CDO thing they have had NOTHING!!! And you had the nerve to write, "They have a big money investor behind this too" - to whom were you referring?
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And all THAT doesn't ring any warning bells for you??? Really?
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Then you spout off about how this deal has increased CDO's value by $1.5 million ?!?!? That makes absolutely no sense whatsoever - did you not read the details of the deal at all? What they DO get is $150,000 cash, which and correct me if I'm wrong - is less than half of what they actually need to get out of the debt hole they are in. After that the deal says GGRI has to spend $350,000 in exploration on the property to earn their 40% option - somehow you managed to construe this as cash in CDO coffers?? And that is only within the next 6 months and assumes they have some means of funding the program (please see above reference to GGRI's hilarious financial statements)
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And lastly - you translated the 6 million GGRI (OTCBB remember) shares into a million $ in CDO coffers. Now 6 million shares of a 2 cent stock by my math comes to around $120,000 and combined with the $150,000 cash payment - well it STILL wouldn't pay off their liabilities, never mind allow the company to continue operating. AND - they can't sell a single share for 6 months!!!
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I can't even understand how CDO hasn't just folded or been delisted yet!!! and you are puzzled and shocked the stock hasn't budged?!?!?!