RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:lol that's a good oneHey juniorbullalive, if your investment philosophy is to go against the market, despite risks, why not just go to the casino & double your money on red or black - much quicker, far less painful.
Now I don't know what the chance of renewing the debenture debt is, or what the cost will be. IMHO it's worth sitting on the side until there is clarity, otherwise like red or black.
I don't know the chance of beating this legal action. I do know the opposition has been making them for 10 years or so, us maybe 2 years. I know the action is not about prior art as George seems to suggest, but specific features they have a patent over our machines seem to incorporate. I'll leave that to the lawyers, worst case, it'll take at least a year, if the decision goes against us by then hopefully we can afford to pay a licensing fee, say $2-3000 per machine.
I can wait to reinvest on the above or evaluate that risk.
What I cannot evaluate risk wise, is the purchase of this shell company that probably doesn't even have an App, for 41m shares - 33%.
At the beginning of this thread we had concern over the whole board being changed - even a new appointee replaced, legal team & auditors replaced. Now staff sackings, trying to raise $1m - how long does it take? George normally very vocal about everything great - gone missing, no reassurances at all... why why why
Not one poster has come out and said this digigro deal is good. Most are bewildered. If it turns out to be a great app worth 33% of our company, thats great. For reasons I've posted before I think it's about control of the company, too much risk for me, again like red or black.
Yeh sure load up at 6c, I'd prefer to see clarity on all these issues then buy. Sure I might end up buying at 10c or more, if all goes well I'll still do very well, not as well as you, but I will not risk losing all my hard earned capital.