OTCQX:BGMZF - Post by User
Comment by
GoldExecuteon Mar 04, 2015 12:02pm
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Post# 23488645
RE:John Kaiser at the PDAC
RE:John Kaiser at the PDACHere is the full version of the story. I wonder what company falls in this "“How bad is this situation? The companies that have negative working capital are trading below 30 cents, totaling almost $3 billion to service providers, to the executives’ salaries – this money will never be paid back in cash,” he said. “It will be settled for paper, which will then be rolled back and then it is just going to vanish. This is a huge hit to the system right now,” he added"
https://www.kitco.com/news/2015-03-02/3-Billion-In-Junior-Companies-Working-Capital-To-Vanish-John-Kaiser.html
Worth a read.