RE:RE:NEWSshneps wrote: So what they are saying is they're receiving $35M from Metalstream and every penny is going to pay the outstanding debentures.
Don't forget that Metalstream token holders are expecting to get gold from Canamex at 25% off the spot price, also that MS have already claimed they have bullion from canamex (they don't).
While it's almost certainly a scam on token purchasers (besides buds of Eli Weir and "private placement" to opaque malaysian shell companies he also controls), at best it still transfers wealth away from Canamex shareholders.
If this was legit, Canamex could simply raise money by issuing shares alongside a strategy to mine and lift the CTO, without the Metalstream Rube Goldberg perpetual finance machine.
Jack Wagenti was on LinkedIn asking when Metalstream tokens will start trading. They promised something like 90 days after purchase, I wonder if this guy purchased some?