GREY:MLKKF - Post by User
Post by
LongonZincon Aug 16, 2012 2:09pm
406 Views
Post# 20225823
EXACTLY AS PREDICTED
EXACTLY AS PREDICTED Few if any analysts had the balls to predict the collapse of this company even though most of the data indicated that this was almost a certainity. A year ago when this was trading at 2.50+ and I said it was not even worth 1.25 people ridiculed me, put me on ignore, sent me nasty private messages...at the same time when I said there was a good chance for insolvency in the next year or two, people again claimed it was going back to $5. The lesson to learned, do not invest in companies with a failing mine unless you know what you are doing!
The folks running this company had two months of oppotunity to get money, a private placement at 60-70 cents surely would have had takers. Now they expose how vulnerable they are and the money will drive this down hard. Now they will have to dilute shares even further to raise the needed capital.