Fabled Silver Gold Corp T.FCO

RE: Why the negativity?

[JohnEStromJr]

Eyeless in Wonderland,

I see you believe in fairy tales.  Most people will tell you that charting is nearly worthless on junior companies but you hang in there with your Stochastics, RSI and the MACD.   

Nope, it's far simpler.  The stock is in the crapper because managementgrabbed about 2 1/2% of the company by awarding themselves all thoseshares and warrants.  It was in the crapper before that due to the loanfrom Coalcorp giving them 15% of the company for a LOAN that we can'tafford.  What are they using that loan for?   I'll bet a good share isto pay their salaries.

I'll follow 'fundamentals' such as we're not producing one pound of cobalt yet management is giving themselves fancy bonuses and borrowing money we can't repay unless they find financing.  They've been talking a good deal about all the avenues they're looking into - which sounds like the ugly girl at the dance desperate for ANYONE to ask her to dance.  No one seems to be cuing up to lend FCO money.  I have great concern over their ability now to negotiate a decent loan where we shareholders - NOT INSIDERS - make money.   If they don't put together a loan PDQ, we're toast.  Management, with ever the keen eye on what's in it for them, grabbed that loan to pay salaries and then gave themselves HUGE stock options.  That has a chilling effect on would-be lenders unless they plan to do the exact same.