WHAT DO WE REALLY KNOW?We know that 300 million in paid up capital has allowed the development of two pristine Canadian in ground assets, each totalling in the multiple billions.
These have been put up as collateral for a 12 million dollar debenture. WTF? Where is POSCO!
Assets up for collateral not once, BUT TWICE.
First: For a 30 million bullsh*t loan in 2014 that defaulted in 9 months. Has anybody heard of anything this utterly preposterous?
and
now for a 12 million debenture whose owner, terms and conversion features are entirely unkown.
At some point does the question become whether this is orchestrated and part of a larger conspiracy.
Are we there yet?