GREY:MIGGF - Post by User
Post by
bendergardenon Sep 13, 2011 6:46pm
310 Views
Post# 19038707
The opposite of the intended effect
The opposite of the intended effectMigao probably thought that the refund of the prepayment would alleviate investor concern.
It's made it even worse, and well it should. What is this, a schoolyard? Billy gave me my 100 million back, 'cos we changed our minds. Yep, thats how business transcactions are conducted. Small cap companies hand over 100 million dollars to suppliers. Happens all ther time. And then they give it back.
The whole thing is ridiculous. Just absolutely ridiculous.
Smart investors have seen the BLATANTLY obvious: All together now, kids!!! The deal was a Related Party Transaction.
Chinese reverse merger, anyone?
It would not surprise me if we never "get any details" of the mysterious supplier.