Fabled Silver Gold Corp T.FCO

Classic Management :/

[JohnEStromJr]

PeteyK,

You should be ecstatic!  The stock is fast approaching your "step ladder" cost of
.77.   The stock is currently at
.85 and sinking like a gut-shot turkey.   I'm impressed.   I wonder how many days it will take us to get there.  Not many I think.

I guess I'm not the only one sick of management spending the profits of Formation Metals before there are any.  They are living VERY well off of us and our "contributions", thank you.   Those 845,000 "new" shares or 5,915,000 "old" shares they handed out to themselves like crack cocaine to crack addicts were a major hit on the value of our investment.  All awarded by the pigs at the trough to themselves.  For what? 

Have they REALLY done a good job?  Are we in a better or worse position now to get a loan to build the mine [far worse]  Given we can't seem to raise any money to build that mine are we in danger of defaulting on that FABULOUS $8 million loan from Coalcorp that ALSO gave them 1,333,375 common shares, 666,687 warrants and the right to acquire 15% of the company? 

I know, we've 18 months to repay that FABULOUS Coalcorp loan.  Sure, the mine will be built then and we can easily repay the loan.   We hope.   OR the loan goes to 15% interest.   If we can't pay off a 12% loan why would you believe a 15% loan is going to be easier to repay?  Their spending money they don't have in order to grab that $8 million up front.  There may NOT be that pile of gold at the end of the rainbow if they don't get that loan.  As insiders they WILL protect themselves - but who protects us?