The holders of the 42% will use this ploy
The holders of those 42% GLD shares will use this ploy of a buyout at .32 cents which is sure to fail and take the opportunity over the next 50 days to dump their in the money GLD shares on an unsuspecting gullible public.
At .32 cents with this staged offer they are in the money by well over 100% and are in the process of unloading Augen Gold shares en-masse
There is nothing at the Jerome or North Shore or the W Cote L. drill zone fiasco currently to inspire the kind of confidence warranted in going forward holding such a large position in the company. This ploy of a buyout which is really a smoke and mirrors ruse will be utilized in dumping mass quantities of GLD shares fully expected to hold at .32 for the next 50 days under the guise of a buyout until the deal dies on the table.
Hundreds of new sheep will be left holding the bag afterwards as the sp quickly plummets to the low teens where it really belongs .
The turkey Augen Gold has ridden the coattails of Trelawney success about long enough under total miscalculation and mismanagement and is going to pay a hard price in the near future for that .