OTCQX:BGMZF - Post by User
Comment by
halcroon Apr 23, 2015 7:46pm
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Post# 23659392
RE:Something does not add up
RE:Something does not add up GoldExecute wrote: They lost a ton of money on 2014 production, no way in hell IMO they could make almost 100% profit on the 2015 production. If i Multiplly 11,162 *$1,100 per oz, i get a total of $12,278,200.00. They already stated that they lost money on the 2014 production... AWHAT am I missing?
Semantics, GoldEx, semantics.
The news release doesn't say HOW the debt was reduced. However, on March 9 and March 23, 2015, $4,784,042 in debt was converted into newly minted paper.
No coin of the realm...just the issuance of paper.