RE: RE: RE: RE: RE: RE: Could someone please DT may have at least one foot in realtiy. But it looks like the Mint MT is without the ability to predict anything. Negative shock is replacing positive projections. 600$K thrown away on Speed Remit. And heaven knows how much that would have helped cash flow.
If Mint did not know that they had a secured line of credit then the SR deal should not have been approached. I know what they will say to justify their blunder (and that was one heck of a blunder). They will proclaim that this was a 'one in a lifetime opportunity' and they had to act upon it. But they acted upon it and lost our money.
Business in the MENA region is just like business everywhere. Look here, I am not saying that this is the case with Mint - pompous donkeys are given the authority to make bad decisions without the hammer of consequences following them.
But indeed, I give Mint credit for quite a few things. For instance, no Bermuda companies to fudge the books. Congratulations to them on that.
I don't know if these guys are busy or simply just plain stupid. I really don't know.
If this was such a great business then then TD should acquire them and put competent 'movers and shakers' into key positions.
Also, we all know that Michael Lee Chin is a patient and shrewd investor. Maybe things are going according to plan.
Now about the comment I made to the "El" guy. I objected to his post because I found it haughty and pompous. Who knows, he may have a high IQ but it is the haughtiness that I can't stand. That is the only reason why I shot down his post.
Now did I say haughty? huuuuuu! I hope that I don't come across in such a manner. Time and time again I have stated that I am not a shrewd investor. I may instead be a screwed investor.
Anyway I have a position in Mint and I am holding. I am not selling one share unit.
Mint has a unique business plan. Regarding the Country of Risk, Egypt is the only weak link. Something is happening in Egypt and I really cannot put a finger on it. At initial onset, Mint was supposed to have a 100% stake there. Then that was eroded to 49% (and that may be a fortunate thing for the Mint stakeholders.
In a way I smell political corruption. And the birdman (or corbeau if you prefer), think that something "foul" may be happening. I am not suggesting that all 3rd world countries are engaging in corruption. But there is a lot to be said of giving political appointments to ones supporters. Not saying that this is in train in Egypt but it leaves me to wonder what is happening.
Nevertheless, I still have hope in Mint and I am not going to give their management a 'free ride' by pumping this stock. They have to produce before I will pump and/or recommend this play to others.
Those are my thoughts!