OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon Jun 03, 2014 11:46pm
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Post# 22627555
RE:RE:RE:Watch how this unravels -
RE:RE:RE:Watch how this unravels - Bigbab... No, DB does not own that much (as far as I know)... They will most likely own much more after the ninth, like maybe the whole company, at which point they will find another company to take it over and make a handsome profit.
It has been my experience when you make risky loans, you look at what you may be able to get out of the deal if the loanee does not meet the terms of what you provide. I have also learned that in order to get money on a high risk investment, you need to bet the company...
Do you think that Eric Sprott is not in the biz to make money? I would have loved to loan BGM that money, with terms that would dictate a huge upside upon failure to meet the terms. Honestly Bigbabs, do you really think Eric Sprott didn't protect his investment on this loan? If he didn't, Wow?
Just saying, If I was to Forclose on the deal, and I worked inside the Finance side of Gold type companies, and I had the connections that Eric Sprott did, I would think I could 5 to ten times my money. I guess we will see...
Also Mr. Big Babs, Thanks for upgrading me to a slimy roach with a name like Gomer... If I turn out to be right in what I think will happen, where will that put you. Honestly, I don't wish you any ill... I don't like to see any investor get hurt within the Junior sector... Without investors, this whole thing doesn't work...
Best of luck!