About 20 more days? I put the back in timeout at around July 19, anyone have a more exact date? That said, anyone predicting that since we have heard nothing about whether the FS was good enough to qualify by now that it at least has passed that basic test and they have accepted it.
Of course would be nice to get or have gotten at least that sort of confirmation by now. One would think they are not waiting to the last minute to say... OH BTW this does not qualify... right?
Assuming most investors have made a similar prediction, the next step is what will they do? Here are my options and subsequent trading activity
1. Teck walks away, stock gets a 50% haircut, and a bidding war starts, not sure where it ends up but probably below $.90
2. Teck backs in for the full amount but taking full control and then just sits on the property. CUU SP doubles but then resumes normal manipulation and etc while we go off and work our other properties with our new found cash, stock goes up 50 - 100% and then back down as normal trading and venture manipulation resumes.
3. Since Earnest owns about 95% of the shares here, he hands them over to Teck for a song around .60 maybe .70 and walks away with a huge personal profit and very nice return on his investment for his time here.That would not be good should he want to continue in this business then again maybe he just wants to retire, I know I would be considering that option.
4. Teck comes back with the 'FS does not qualify and we need more work', thus extending the time to months maybe even years, stock gets a 50% haircut, a reverse split has to be done, and the cycle starts over.
5. Some combination of the above... did I miss anything?
M