OTCQX:DMMIF - Post by User
Comment by
edxon May 01, 2015 4:38pm
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Post# 23686784
RE:RE:RE:worst case scenario..
RE:RE:RE:worst case scenario..jackattack wrote: Thanks for your analysis Tad. I hope you're right about DMM being on the cusp of accessing new high grade veins. DMM needs the cash and we need the good news. Edx, I also enjoy your posts, but it's important you look at the worst case scenarios as well as the blue sky ones. I'm not selling my shares, but I'm certainly not ballsy enough to be buying more as long as Sprott is selling. Londry also makes a good point.. if DMM is on the verge of ramping up production, why aren't the insiders backing up the truck right now? Ah well, let's see what happens in 2 weeks. GLTA, Jack.
I'm specifically referring to your conspiracy about Washer picking up the company for a few million. With the company owing $2 million in non-interest bearing, promissory notes to Washer (repayable upon demand), Washer could theoretically demand repayment when the company is unable to pay, forcing an insolvency event. All he would achieve by doing this is a guaranteed destruction of his own wealth.